You will be using one form 1116. Column A will be used for Canada and Column B for France.
On a spreadsheet, in Column A in cell A1 insert the total Foreign Ordinary Dividends from Canada from all 1099’s. In cell A2 insert the total Foreign Qualified dividends from all 1099’s. In cell A3, insert the total foreign tax paid from all 1099’s. In Column B, do the same for France.
Of the 3 1099’s, you will need 2 of them. It doesn’t matter which one you choose. The 1st 1099 will be dedicated to Canada. In box 7, insert the total foreign tax paid to Canada from the spreadsheet. The 2nd 1099 will be dedicated to France. In box 7, insert the total foreign tax paid to France. Be sure to delete any amount in box 7 of the 3rd 1099.
To ensure a clean start, delete form 1116. When you enter the foreign tax credit interview, TT “sees” the foreign tax paid on the 2 1099’s. Select the Canadian one first and a screen will ask for the total Ordinary Dividends from Canada. Insert the total from the spreadsheet. TT will then loop back and select the remaining 1099 and ask for the total Ordinary Dividends from France. Insert that total from the spreadsheet.
Then continue on for the rest of the interview.
