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Deductions & credits
the starting point is to enter the foreign tax info in that section of the 1099-DIV and INT. if the toyal is over $300 ($600 if married filing jointly) the next step is to complete the form 1116.
this requires one extra step on the 1099 and that is to link it to a column on the 1116. not sure what version of online you are using because the basic version doesn't provide for taking the FTC. you would have to upgrade to premier
May 13, 2025
6:25 PM