Have TT Premier, Joint Return, Standard Deduction, only have Foreign Taxes reported on 1099-DIVs, total amount is a little over $600. Since it's over $600 I'm suppose to fill out form 1116. Do not want to fill out form 1116. Can I change the amount on the 1099-DIV to less than $600 so I don't have to fill out form 1116 and still get some credit? Or can I change the 1099-DIVs foreign taxes to 0, therefore no form to be generated and no credit? Or do I report the Foreign Taxes on the 1099-DIVs and answer in the Foreign Tax Paid Section to use the tax as an itemized deduction, therefore, since I'm taking the Standard Deduction it has no effect and would get no credit.? Which is the best way to do it?
