I have an $8 foreign tax paid by a mutual fund and reported on a 1099-DIV.
I input the 1099-DIV info and went through the Turbotax question and answer screens. Form 1116 shows $8 as he total foreign tax paid, but $16 as the credit on line 35. Then schedule 3 line one also shows $16.
Can this be right? I would have expected the credit to be limited to the actual tax paid.
Thanks in advance for your consideration,
Steve
