One reason Form 1116 Foreign Tax Credit would not appear in your tax forms and schedules would be because the amount of your foreign taxes is under $600 and you are filing married-joint, in which case Form 1116 is not required. The credit is non-refundable, so it couldn't be more than your tax liability, so that may explain why it is less than your foreign tax. You can look at your form 1040 to see what your tax is on line 18.
You can view your form 1040 and schedules 1 to 3 while working in the online version of TurboTax by following these steps:
- Click on Tax Tools in the left menu bar
- Click on Tools
- Look under Other Helpful links….
- Choose View Tax Summary
- Look in the left menu bar and choose Preview my 1040
- Scroll down the page to see form 1040 and schedules 1 to 3
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