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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 ?
‎April 7, 2025
8:30 PM