DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Yes, Go to:

 

  • Tax tools
  • Tools
  • Delete a form
  • Delete all form 1116 and any worksheets associated with it.
  • If using the software, go to the form mode in your return and delete form 1116 from here.

Now go to the income Section and report the 1099 DIV and enter $4 in Box 7 of the 1099 DIV. Since this amount is less than $300 or $600 if filing Married Filing Jointly, you don't need Form 1116. $4 will appear on your return as a credit.

 

 

 

 

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