jimbob73
New Member

Get your taxes done using TurboTax

Form 1116 is not needed if the foreign tax withheld is less than #300/$600 for single/married file jointly. If the tax is below these amounts, just delete the form and file without it. I read the IRS rules Monday, deleted the form, E-filed the same day, IRS accepted it within a day, My refund was processed Thursday and expect a direct deposit next week. Next year I will probably delete the form as soon as the IRS releases and starts accepting the  2022 returns.