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Deductions & credits
I think I figured this out. The form 1116 comp worksheet showed the $8 foreign tax paid, but evidently this is only for foreign taxed not already included in the 1099-DIV. Consequently, this resulted in double dipping.
When I deleted this entry on the 1116 comp worksheet my foreign tax credit dropped to $8 like it should.
Thank,
Steve
March 9, 2022
11:18 AM