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Deductions & credits
If the foreign tax paid is more than $300 ($600 for Married Filing Jointly) or they do not meet the other conditions to make the election to claim the foreign tax credit without filing Form 1116, taxpayers must file Form 1116 to claim the foreign tax credit. Please read the first page of this IRS link regarding the election To Claim the Foreign Tax Credit Without Filing Form 1116.
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‎April 6, 2020
5:22 PM