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Get your taxes done using TurboTax
I understand that 2021 form 1116 will be available around 2/25/2022. That's fine.
However, my foreign tax is only around $120, well under the $600 threshold for needing this form. Is there a way around filling it out for people in my situation? Will TurboTax be revised to bypass this form for amounts under $600? Presently, the program seems to demand form 1116 regardless of the amount of money involved.
‎February 17, 2022
12:25 PM