DaveF1006
Expert Alumni

Deductions & credits

If your foreign tax credit is less than $300 if filing single or $600 if filing jointly, you will not have a Form 1116 filing requirement and this might be the reason why it isn't being recorded on Form 1116. You can check to see though if you are receiving a foreign tax credit.

 

  1. Log into Turbo Tax
  2. Once you are in your return, look at the left navigational pane on your return and select Preview My 1040
  3. Scroll down to Schedule 3, Additional Credits and payments, Part 1 line 1 and see if there is an amount listed for Foreign Tax Credit.

@jnoelle 

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