T5013 Box 172 Foreign Tax Paid

Lorag

I have a T5013 with foreign business income. In TurboTax, I entered "USA" in "source country" box 3 and the applicable amounts in boxes 104, 105, 106 and 113, I entered the foreign tax, Box 172, in the T5013-4. In the foreign tax credit calculation on form T2209, I see the foreign tax paid amount on line 43400, however, I do not see any foreign income on line 43900. As a result, the Federal foreign tax credit is $0. Is there another way to enter the foreign income so that the tax credit is calculated?

TurboTax_Susan

Check the bottom of the T2209S, as the amount on line 11 is the lesser of lines 4, 7 or 10, so your foreign tax paid might not be the lowest of those lines.

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T5013 Box 172 Foreign Tax Paid

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