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Deductions & credits
If you meet the limits ($300 single, $600 joint), Form 1116 is not required, thus schedule B is also not required. If your tax paid is over that limit, reducing the value on your 1099 input(s) so the foreign tax is below that limit should allow you to e-File... This is only reasonable if you are close to the limit, otherwise you will forego a large amount of potential tax credit.
March 4, 2022
7:56 AM