Gnaghi
New Member

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?