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If I have a small amount of foreign taxes paid (around $50-$60) on my 1099-DIV through RIC mutual funds, why is Turbo Tax prompting me to complete a Form 1116?
My mutual fund company gave me the foreign income factor. Are these the percentages that I should just multiply by the total dividends/distributions of those funds to get the amount of foreign dividends received for the 1116 form?
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‎June 4, 2019
6:51 PM