topic Re: Form 116 not working in Get your taxes done using TurboTax

Form 116 not working

cptt21 — Mon, 09 Mar 2026 09:06:08 GMT

I am trying to get a foreign tax credit of $297 using From 1116. I did it last year but can not can't get it work for 2021. How do I do this?

The foreign tax was paid to a Vanguard (US company) ETF. Should be easy to do.

I am using the Premier Mac desktop version.

Please end my nightmare. Thanks

Re: Form 116 not working

DaveF1006 — Fri, 04 Mar 2022 23:12:53 GMT

You should not need a Form 1116 to report a foreign tax paid from Vanguard because it is less than $300. If you are trying to report this on form 1116, you may wish to report this in the program itself.

To do this, you can report this as a 1099 DIV by going to:

federal>wages and income>interest and dividends>1099-DIV
Report the foreign income as an ordinary dividend if this is the case.
check the box where it says My form has info in other boxes (this is uncommon).
Enter the foreign tax paid in Box 7
If this is interest, perform the same step as step one but report it as 1099-INT
Record the foreign tax paid in Box 6.
Delete the 1116 form by going to forms and delete all 1116 forms and worksheets associated with it.
Note: if you have other foreign tax credits you are trying to claim, then do not delete 1116.

[ Edited 03/04/22|03:12 PM PST]

Re: Form 116 not working

bill314 — Fri, 04 Mar 2022 23:23:17 GMT

This long thread addresses the same question.
https://ttlc.intuit.com/community/taxes/discussion/missing-2021-form-1116/00/2409904/jump-to/first-unread-message
Bottom line: Update your copy of TTax and it should then get the correct form 1116.

Re: Form 116 not working

cptt21 — Sat, 05 Mar 2022 02:41:25 GMT

I used form 1116 last year and every year to get the credit.

What are the steps using form 1116?

Thanks

Carlos

Re: Form 116 not working

AnnetteB6 — Sat, 05 Mar 2022 14:26:32 GMT

First, be sure that your TurboTax program is up to date. Form 1116 was not available right away and may have just been released recently.

Then, take a look at the following TurboTax article for more details about how to enter your information to claim the credit:

Where do I enter the foreign tax credit (Form 1116) or deduction?

@cptt21