Do I have to file a form indicating that I paid foreign taxes if the amount was less than $48.00?

According to the IRS instructions, found here: https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-how-to-figure-the-credit

You will not be subject to the foreign tax credit limit and will be able to claim the foreign tax credit without using Form 1116 if all of the following requirements are met.

1. Your only foreign source gross income for the tax year is passive income, as defined in Publication 514 under Separate Limit Income.
2. Your qualified foreign taxes for the tax year are not more than $300 ($600 if filing a joint return).
3. All of your gross foreign income and the foreign taxes are reported to you on a payee statement (such as a Form 1099-DIV or 1099-INT).
4. You elect this procedure for the tax year.

If you make this election, you cannot carry back or carry over any unused foreign tax to or from this tax year.

Thank you for your reply, much appreciated!