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Deductions & credits
I tried your link, it errored out on me and gave me a page with lines of code.
This is why I am confused, the process usually has worked for me, I went back and checked on demand tax guidance and this is the TTAX advice found on the above question I asked, it is under deductions and credits - estimates other taxes paid - foreign taxes:
Special circumstances or exceptions
- You can claim the foreign tax credit without filing Form 1116 if:
- All of your foreign income was passive (most interest and dividends are passive), and
- All of your foreign income and taxes paid were reported to you on a qualified payee statement (1099-INT, 1099-DIV, or Schedule K-1), and
- You're claiming the credit for no more than $300 in foreign taxes (no more than $600 if you're married filing jointly).
The foreign taxes were paid through US brokerage accounts, we rec'd 1099-DIVs, the income the tax was paid on was passive and the foreign tax total was under $300