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Deductions & credits
Actually, the Foreign Tax Credit is a tax you paid that you want to get credit for, so the IRS doesn't mind if you don't want to claim the credit!
You may be thinking of Dividend Income, which you may not get a 1099-DIV for if it's under $20. However, since this is income, the IRS wants you to report it.
Here's a link on How to Enter a 1099-DIV.
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March 3, 2022
3:48 PM
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