If I go to Federal Taxes --> Deduction and Credits then click on "Foreign Taxes" (Under Estimates and Other Taxes Paid). I click continue a few times at that point until it asks me if I was to take the deduction or the credit. I click "Take a credit". I click continue. It asks "Where did you receive dividend income from" I select RIC in pulldown box. I select the 1099-DIV from my financial institution that applies to the RIC. I input my foreign source income. It asks if I want to review my countries. I say no. The next screen says "Simplified Limitation Election for AMT” “We’ve reported interest, dividends, and K-1 entries from each country. Because you’re subject to the alternative minimum tax (AMT), we need to know how you want to handle your foreign tax credit.” At this point, I stopped. That is because I am not subject to the AMT, but it says on the screen "because you are subject to the AMT...". If I click continue it asks "First Year You Are Eligible" and is asking me to select between 1) first year I am eligible for Simplified...2) I made the election in 2022 3) I chose not to make the election in 2022). At this point I have stopped because I am not sure how all this applies to me because I am not subject to the AMT this year, and have not been previously.
