pk
Level 15
Level 15

Deductions & credits

@moymmy , are you in forms mode ?  If so please use the  form 1116 worksheet.

Also, if these  foreign taxes have been reported on form 1099-DIV, then your total foreign taxes being under the safe harbor threshold, you should n to use form 1116 -- this is because  safe harbor will result in  up to safe harbor amount as  FTC, while 1116 will limit to lesser of US taxes levied  and actual Foreign taxes  paid  -- using a rastiometric allocation of US taxes. Usually this  recognizes the whole amount paid but allows  only a fraction  of the taxes paid to another country

 

Is there more I can do for you ?