Re: Missing Forms 1116 needed by 1099-DIV
Level 8

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TT will generate initially one f1116 when it sees foreign tax paid greater than the exemption.  The number of f1116's that are needed is determined by how many distinct foreign countries withheld taxes, not the number of 1099's and each f1116 will accommodate 3 countries.  If there are more than 3 countries, TT will generate additional f1116's as needed during the foreign tax credit interview.

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