What I would do is to make sure you are not missing any foreign income. I did not find a strict definition of that, so I do what I can.
What I would do, if I felt like you would be to delete the 1116 forms. I would suspect that I was missing out on my accrued foreign tax withheld, but if I hated/dreaded it, I would do that. My other thing to consider is to sell off what creates the bulk of that withholding, and pay my capital gains on that. And I would count that capital gain as foreign income. That does not mean that what I do is the defined way, but it is how I interprete things.
