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Deductions & credits
You need one Form 1116 for each type of income, so all Foreign Income/Foreign Tax Paid from 1099-DIV's will be added together on a single form with country designation 'RIC' (screenshot).
The Foreign Income/Tax Paid amounts flow into the Foreign Tax Credit section automatically when you choose 'RIC' as the country in your 1099-DIV entry.
All you need to do in the Foreign Tax Credit section is review and indicate 'Done'.
Click this link for more info on Form 1116.
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March 15, 2021
12:25 PM