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Foreign Tax Credit on Dividends
I paid $630 in foreign taxes related to dividends and file a joint return. Am I required to use form 1116 to calculate the tax credit or can I take the maximum credit amount of $600 on schedule 3 and not file the 1116 form (much less of a credit)? It does not appear as though turbo tax allows this override.
March 11, 2023
1:24 PM