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Foreign Tax Credit
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tetertax
Level 2
03-10-2023
07:07 PM
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I am entering Dividend Income from an Edward Jones statement. There is (minimal) foreign tax paid but Edwards Jones doesn't specify the country the funds are related to. PLEASE HELP!
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tetertax
Level 2
03-10-2023
07:12 PM
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How do I elect out of it?
itonewbie
Level 15
03-10-2023
09:01 PM
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If your client is eligible, you can follow this to elect out: https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/re-how-do-i-make-the-e...
Otherwise, as suggested by Susan, you should select RIC as the country or "Other Country (Various) = OC".
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