No. I can't think of an instance when the IRS has raised this issue with a taxpayer who had more than $ 300 in Foreign Taxes but decided NOT to use Form 1116 and instead used Schedule 3, Line 1 and ultimately Form 1040, line 20 up to the $ 300 (or $ 600 amount)?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
