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To claim the foreign tax credit, here are the steps:
In TurboTax online,
If you pay taxes on dividends to both foreign and US government, you may claim a foreign tax credit on your taxes.
Thanks My income type is "Certain income re-sourced by treaty" for the interest income but the FTC is being ignored. TT seems to only accept the FTC on 1099-DIV.
It depends. How much was the FTC. If $300 or under, it doesn't require a 1116. the reporting on the 1099-DIV is sufficient.
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