Investors & landlords

Yes, you need to file form 1116 to calculate your foreign tax credit. Tax below $300 or $600MFJ, do not have to file Form 1116.

Most people claim the credit rather than the deduction.

Use/ select RIC for regulated investment company since that is how you earned your income rather than selecting a country.

Reference: Claiming the Foreign Tax Credit with Form 1116 - TurboTax