@Troubletos wrote:
Yes use "various". What is the worst possible scenario? You get an IRS letter requesting you specify exactly what countries they are. You write back that TT had a software issue and send a letter back breaking the countries out or simply modify Form1116. At this point what else can you do? I don't think you can modify the form by overriding/adding anything as TT may reject your E-filing your return. Or you can just use "various" have TT complete the form, then you can do your own modified form that specifies the countries. HOWEVER you will then have to file manually.
It's further confusing when somewhere in TT it indicates <$300 (Single), <$600 (MFJT) in foreign taxes, 1116 may not be needed.
Think even after splitting the div across countries/using various, my 1116 (going through worksheets instead of easyform) lists 99% empty and only lists a country for which only 1099-INT interest was received and foreign taxes were withheld.
So seems any dividend related foreign taxes if under a limit, is not generating 1116? If that's the case TT should be move explicit and not even take us through the flow of attributing each country to its dividend.
