LinaJ2020
Expert Alumni

Get your taxes done using TurboTax

This issue has been submitted and is currently under investigation.  If you would like to receive an update for the progress, click on the following link to get notified:

 

Form 1116 reject error

 

If you have paid taxes on the mutual funds to both foreign and the US tax authorities, the IRS allows you to claim a foreign tax credit on Form 1116 on your US tax return.  The amount usually is reported in box 7 of your Form 1099-DIV.  The amount will show on Schedule 3 line 1 and line 20 on Form 1040.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"