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Deductions & credits
Yes, in some cases, Form 1116 is not required. If all of your foreign tax is less than $300 and reported on Form 1099-INT, 1099-DIV or Form K-1, and you have no exclusions or carry overs, you may not have to file Form 1116.
If you want to check this, you can delete Form 1116 from your return and see if you can e-file without it. This is how to do that:
- Open your return, click on Tax Tools on the bottom of the left side menu.
- Select Tools.
- Click on Delete a form (third on the list at the bottom of the screen).
- Find Form 1116 on the list of forms.
- Click Delete to the right.
- Confirm your Delete.
- Click Continue in the lower right.
- Click Continue with my return.
At this point you should be able to complete your e-file. If your Form 1116 repopulates, you have a carryover from 2021, or another situation that requires the form, and will need to complete Form 1116.
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March 23, 2023
9:26 AM