Foreign Tax Credit Entry in ProConnect

[tccpg289]

A complex trust has a foreign tax credit of $190 from a 1099, and I want to ensure it is entered properly to pass through to the beneficiary. What is the process in ProConnect?

[George4Tacks]

@Intuit_Rubena or @Intuit_Al One should be able to help you get the correct input for this.

https://accountants.intuit.com/support/en-us/help-article/form-1041/common-questions-fiduciary-passt...  should get you started but there is more to get it to the k-1

[tccpg289]

Thanks - it sounds like, if it came from dividends, it needs a separate tab for the portion of the 1099-DIV that is attributable to the foreign source income. Is that correct?

[George4Tacks]

I am not sure on this. I think you may have to do an override on the specific K-1 to make it flow to that benficiary.

I have no real experience with this, just my best guess to get it to the K-1