The foreign tax paid is included in the 1099-DIV box 7 and TT sees it. If that $199 is the only amount in box 7, then TT will automatically implement the $300/600 exemption and post it in schedule 1 and then into the 1040 line 20. If box 7 exceeds the exemption, then the income etc. will be entered into the screens during the foreign tax credit interview.
