does form 1116, foreign tax credit for $587.20, nonresident tax withheld from dividends, lower my taxes?

Will form 1116 lower my income with foreign tax credit of $587.20 ?

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does form 1116, foreign tax credit for $587.20, nonresident tax withheld from dividends, lower my taxes?

The credit will lower your tax liability or increase your refund.

does form 1116, foreign tax credit for $587.20, nonresident tax withheld from dividends, lower my taxes?

@wwood12 , are you saying that you are Non-Resident Alien ? If that is correct the you are filing a form 1040-NR , not supported by TurboTax. Also , you are taxed by the US only on your US sourced income -- so how do you get form 1116 ? This does not make sense ? Did you really mean that you are " Non-Resident" ?

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