- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 17, 2024
12:39 PM