If your foreign taxes are under $300 ($600 for Married Filing Jointly) you have met one of the requirements for taking the credit without filing Form 1116. TurboTax generally must ask a series of questions to determine you are not eligible.
"You may be able to claim the foreign tax credit without filing Form 1116. This election is available only if you meet all of the following conditions.
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All of your foreign source gross income was "passive category income" (which includes most interest and dividends). See c. Passive Category Income, later. However, for this purpose, passive income also includes (a) income subject to the special rule for High-taxed income described later, and (b) certain export financing interest.
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All the income and any foreign taxes paid on it were reported to you on a qualified payee statement. Qualified payee statements include Form 1099-DIV, Form 1099-INT, Schedule K-1 (Form 1041), Schedule K-1 (Form 1065), Schedule K-1 (Form 1120-S), or similar substitute statements.
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Your total creditable foreign taxes aren't more than $300 ($600 if married filing a joint return)."
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