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Form 1116- Foreign Tax Credit - How to handle passive category income from multiple countries?
Details
I have interest income from 1 foreign country and dividends from 6 foreign countries, all of these are classified under the same category of passive income category when filing foreign tax credit form, Form 1116. How do I enter for each of these separately? Does going through the interview process handle the creation of different form for each country?
Also is there a way to select Form 1116 , delete the form and start over?
March 17, 2024
11:02 AM