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Deductions & credits
Hi
Thank you for your quick reply. As I went through the paperwork sent in by brokerage, they had provided a year end summary showing total dividend amount of $857.45 on which a foreign tax of $234.11 was deducted.
I tried filling up form 1116 using the above amounts but reaching an area called HTKO and did not enter any figure in that.
when I reviewed the filled in form, it indicates the following.
Foreign Taxes $234
Adjustments 0 with a note carryback to 2021
Utilized $234
Carryover 0
I hope I filled out the form properly and any guidance will be appreciated.
Thank you.
‎February 26, 2023
6:06 PM