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Level 2
March 19, 2026
Question

Foreign Tax Credit

 I entered $230 in foreign tax credits from 1099-DIV. When I look at the 1040 return form, the amount is doubled to $460. I have looked back through my entries and everything looks correct.

    5 replies

    DaveF1006
    Alumni - Intuit
    March 19, 2026

    To clarify, did you do anything in the Foreign Tax Credit portion of your return?

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    jbolsengaAuthor
    Level 2
    March 19, 2026

    I don't think so, but where would I check to see?

    Mike9241
    Level 15
    Level 15
    March 19, 2026

    if you do not have a FTC carryover from 2024, Form 1116 is not required for 2025, as it is under $300. You merely enter only the FTC amount on that line of the 1099-Div - no linking to Form 1116.

     

     

    doubling most likeley means you entered the FTC on the 1099-Div and again on Form 1116. 

    Mike9241
    jbolsengaAuthor
    Level 2
    March 19, 2026

    There is no form 1116 in my list of forms. I removed the amounts from the 1099-DIV to see if I could zero it out, and it still shows a $230 credit.

    jbolsengaAuthor
    Level 2
    March 19, 2026

    I found my error. Thanks