topic Is it ok to reduce the amount of foreign tax paid from $358 (Form 1099 Div) to $300 in order to avoid filling Form 1116? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-it-ok-to-reduce-the-amount-of-foreign-tax-paid-from-358-form-1099-div-to-300-in-order-to-avoid/01/420764#M53577 Tue, 04 Jun 2019 21:09:53 GMT rimma_sophia 2019-06-04T21:09:53Z Is it ok to reduce the amount of foreign tax paid from $358 (Form 1099 Div) to $300 in order to avoid filling Form 1116? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-it-ok-to-reduce-the-amount-of-foreign-tax-paid-from-358-form-1099-div-to-300-in-order-to-avoid/01/420764#M53577 Tue, 04 Jun 2019 21:09:53 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-it-ok-to-reduce-the-amount-of-foreign-tax-paid-from-358-form-1099-div-to-300-in-order-to-avoid/01/420764#M53577 rimma_sophia 2019-06-04T21:09:53Z I see no harm in that. You are reporting the income and d... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-see-no-harm-in-that-you-are-reporting-the-income-and-d/01/420769#M53579 <P>I see no harm in that. You are reporting the income and declining to take a credit. I can't see the IRS taking issue with that scenario.</P> Tue, 04 Jun 2019 21:09:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-see-no-harm-in-that-you-are-reporting-the-income-and-d/01/420769#M53579 Ashby 2019-06-04T21:09:54Z