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Get your taxes done using TurboTax
It wouldn't matter what country the tax was paid to if you enter the tax on a form 1099-INT and the amount is under $300 ($600 for married filing joint), as you don't need to complete form 1116 in that instance to receive the foreign tax credit. Otherwise, you would need to complete the Foreign Taxes section under Estimates and Other Taxes Paid to report the country where the income was earned/taxed in order to populate form 1116 Foreign Tax Credit.
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March 23, 2022
4:43 PM
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