Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
twtrueman
New Member

How do I enter foreign tax credit from form T2209?

I sold US property and the IRS withheld 15%.   I could not find T2209 so I manually printed it.   How do enter the amount from line on T1 general line 40500 to avoid double taxation?
1 Reply

How do I enter foreign tax credit from form T2209?

How do I claim foreign tax credits?

Line 40500:

You may be able to claim the federal foreign tax credit for foreign income or profit taxes that you paid on income you received from outside Canada and reported on your Canadian tax return. Tax treaties with other countries may affect whether you are eligible for this credit.

Foreign income and foreign taxes must be converted to Canadian dollars

Foreign Income and Tax Treaties

Declaring Foreign Property on Your Tax Return

 

Thank you for choosing TurboTax.