In order to report foreign dividend/interest income and to obtain foreign tax credit is to use a 1099-DIV/Int. To do this, either thru the interview or in Forms Mode, open up a blank 1099-DIV. Insert the name of the payer, then the Ordinary dividends in box 1a, the qualified dividends in box 1b. ( If you need to know if dividends are qualified for this country, look up IRS Notice 2011-64.) If qualified, then box 1b will be the same as box 1a. Insert the foreign tax paid in box 7. In the 1099-INT, insert the interest in box 1 and the foreign tax paid in box 6.
If you have already entered the income by some other means for U.S. tax purposes, delete it as it will double count if you don't.
You can then go to the foreign tax credit interview to obtain the credit for that country.
