You state that you paid taxes on the 'foreign interest' you have that were reported on a 1099. If the taxes were paid or withheld for one of the countries the US has reciprocity with, e.g. Canada, you can recover those taxes without filing a 1116. There's a prompt/drop down screen in the Step-by-Step Ttax process. The values will show up on Schedule 3 of the 1040. In my case the information imported from Fidelity, however the income associated with those investments did not import and had to be calculated manually and added on the IRS form. I will add that I am using a disc version on my desktop and there are some differences. Hope that helps.
