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Get your taxes done using TurboTax
In my situation I am not required to file a form 1116 since the foreign tax instrument was held by a USA brokerage and I paid well under the reporting limit of $600 (married filing jointly). I can follow the solution and remove the form 1116 from the return, but I still wish to receive credit for the foreign tax paid. Instructions for the form state that I can enter the foreign taxes paid on schedule 3 of form 1040. How do I accomplish this in TurboTax?
March 9, 2022
8:40 AM