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February 24, 2023
Question

form 116

  • February 24, 2023
  • 1 reply
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my foreign tax is much less than $600 yet turbotax is requiring me to use form 1116 to obtain a credit.  there is no carryover.  how do I fix this?

1 reply

February 24, 2023

If your Foreign Tax was a small amount reported on a 1099-Div and you don't wish to claim a Foreign Tax Credit on Form 1116, you can go back to your 1099-Div entry and remove the amount of Foreign Tax.

 

If this does not apply, please clarify your situation and we'll try to help.