If you do not need the form 1116, the $300 or less can go straight on your form. Otherwise, the form 1116 will be required for a credit.
Where do I enter the foreign tax credit (Form 1116) or deduction for 2019?
What qualifies for the Foreign Tax Credit?
Why doesn't the foreign tax credit show up on Schedule 3, Line 48 of my 1040?
Please see Instructions for Form 1116. Form 1116 says:
Election To Claim the Foreign Tax Credit Without Filing Form 1116
You may be able to claim the foreign tax credit without filing Form 1116. By making this election, the foreign tax credit limitation (lines 15 through 21 of the form) won't apply to you. This election is available only if you meet all of the following conditions.
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All of your foreign source gross income was "passive category income" (which includes most interest and dividends). See c. Passive Category Income, later. However, for this purpose, passive income also includes (a) income subject to the special rule for High-taxed income described later, and (b) certain export financing interest.
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All the income and any foreign taxes paid on it were reported to you on a qualified payee statement. Qualified payee statements include Form 1099-DIV, Form 1099-INT, Schedule K-1 (Form 1041), Schedule K-1 (Form 1065), Schedule K-1 (Form 1120-S), or similar substitute statements.
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Your total creditable foreign taxes aren't more than $300 ($600 if married filing a joint return).
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