MarilynG1
Expert Alumni

Deductions & credits

If all your interest and dividends are reported on 1099-Int or 1099-Div, you can combine the totals for each under country 'RIC' (Regulated Investment Company) on one Form 1116.

 

If your interest/dividends are under a certain amount, you won't even need Form 1116 to claim the credit.

 

If you're using TurboTax Desktop, go to FORMS at the upper right and Open Form 1116.  When it is displayed, choose Delete at the bottom.

 

In TurboTax Online, in the left menu go to TAX TOOLS > TOOLS > DELETE A FORM

 

Here's more detailed info on Claiming the Foreign Tax Credit.

 

 

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