@pk thanks for your response. If I pay $1,000 in foreign taxes on my dividend, I understand that you're saying I have two options.
1. Claim the $600 without form 1116.
2. Use the form to calculate some other value that may be less than $1,000.
Is there a way to claim the entire $1,000 in one year without having to claim a portion and roll forward the remainder? The problem with rolling forward the remainder is that I may pay ~$1000 in foreign taxes EVERY year, so I'll never be able to use the roll forward amounts.
