@homegecks , imho, if you want the most amount of foreign tax credit ( i.e. not limited by a ratio of foreign income to world income) , you are better off entering the safe harbor amount when you enter the 1099-DIV -- this way you will get all the $600 deduction to your tax liability -- obviously you will get no credit for $30 abut if you use the form 1116 ( required if you recognize above the safe harbor amount of $600 ), you will get a a fraction of the total for the year -- you get to carry back or forward till extinguished ( ?? ) but you need to have foreign income each year to claim any benefit.
This is my personal view to get the most benefit
Is there more I can do for you ?
