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Get your taxes done using TurboTax
It’s March 4 CD version and everything is working
Check passed
1116 comes out Correctly and $ amount entered correctly on 1040 line 20
I am slightly over the $300 limit
Just a heads up
You need to manually enter you total $$$ amount of foreign dividends that ends up on 1116 line 3d.
I know of no brokerage 1099-Div that breaks that out so u need to calculate that your self
It gets entered in the dividend section Q&A
If u do not do this u may not get the full credit on 1040 line 20
The 1116 form does some weird calculations to determine the credit for 1040 line 20.
March 4, 2022
6:42 PM