pk
Level 15
Level 15

Deductions & credits

@TommyMo , here is the rub ---- if you let TurboTax recognize ( enter  ) the full $941.24 as your foreign taxes paid, it would not even ask  you if you want the simplified method  and/or the safe harbor treatment.  You will need to  change that entry on the worksheet/entry area for the 1099-DIV to $600 --- then it will ask if you want the simplified treatment and therefore allow the recognition of the $600  as foreign tax credit against US taxes.

 

If the amount remains where it is  downloaded ( US$941.24 ) , TurboTax will only ask if you want foreign tax credit or deduction ( for an itemized deduction on schedule-A  ).

Does this help your situation or do you need more help ?