I have also sold stocks to avoid k-1s . The good news is that some companies are now providing downloads of k-1’s into TT. The bad news is that the 2023 file was not compatible with the desk top Premier. I spent 2 days consulting with TT and the Tax Package team to determine the problem!
Returning to the 1116 Form issue, there seem to be many different interpretations. Like you, I have taken the simplest approach, realizing that I could later adapt should the IRS question. It was recommended by an IRS agent contacted years ago that I put all passive foreign income on 1 1116 form. This year, I tried summarizing the foreign source income from 2 brokerage accounts as VARIOUS. Yet, when I tried to check my figures by doing the interview, confusion reigned! I should have about $3,000. in foreign tax credits which comes from 30 different countries. I doubt that the IRS would appreciate the additional pages to provide these details!
