AmyC
Expert Alumni

Investors & landlords

Foreign bank accounts should produce some foreign income. You may have investments with a brokerage in the US that has foreign dividends and pays foreign tax. Take a look at the form and see what it is showing. Also, look at your 1099-B forms along with any other foreign information you entered. Once you hit $300 ($600MFJ) you must use Form 1116 to claim the credit. Maybe your foreign tax hit the mark this year.

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