Income from foreign rental in Foreign Tax credits form

[rookie1]

I had to prepare the returns with the online version and they worked fine.  When I complained they gave me credit to prepare my returns online since I had already bought the downloaded version and I would not file the returns properly. I will go straight to the online version this year .

[TurboTaxHeba]

If you are reporting a foreign rental income using the TurboTax Desktop products, you need to report the income on the foreign income slip and deduct the foreign taxes paid. If you use the T776 form for foreign rental income you will not be able to deduct the foreign tax credit. The foreign income tax credit slip deducts taxes that have been reported in the foreign income.

If you are using a TurboTax Online product, you will be able to use either method: foreign income slip or the T776 slip then use the FTC slip to claim the foreign taxes.

I hope this was helpful