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Get your taxes done using TurboTax
As long as the foreign taxes paid does not exceed $300 for a Single taxpayer, ( $600 for married filing jointly) then you should be able to claim the foreign tax credit just as you have in the past without needing to fill out the Form 1116.
Enter your interest income and the foreign taxes paid in the Form 1099-INT section of your return. Then, follow the instructions in the foreign taxes section.
Click on the link for more information,
Where do I enter for foreign tax credit (Form 1116) or deduction for 2020?
March 20, 2022
8:15 PM