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Deductions & credits
You are not required to take a foreign tax credit, but if the foreign tax is listed on a Form 1099-DIV or 1099-INT then TurboTax will give you the credit automatically if your foreign taxes are below a certain amount. The only way to avoid this is to not enter the foreign taxes when you enter your Form 1099, but you can do that if you want.
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March 6, 2024
4:56 PM