Married filing jointly using TurboTax Deluxe downloaded on Windows. My wife inherited property in Hungary in 2024 that was sold in 2024. There was a small capital gain over the cost basis at time of inheritance. I know the gain has to be entered as a capital gain on Schedule D and she has to submit Form 8949. She will have to file and pay a capital gain tax to Hungary. How do we report this foreign tax paid on our US 1040 using TurboTax so she won't be taxed twice for this? I have read that there is a Form 1116 for Foreign Tax Credit. Is this the correct form? If so, how do I access this in TurboTax Deluxe and how would I add this to my current 1040 form? Thank you for any help.
