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thebreeze
Returning Member

Foreign Tax Credit

My turbotax keeps trying to give me a $1 Foreign Tax Credit.  I tried Googling- found a page that tells that person to delete the 1116 form manually.  I went there and a 1116 form does not exist for me.  How do I get rid of this Foreign Tax Credit? 

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3 Replies
rjs
Level 15
Level 15

Foreign Tax Credit

Do you have a 1099-DIV with $1 of foreign tax paid in box 7? If so, the $1 foreign tax credit, without Form 1116, is correct.

 

thebreeze
Returning Member

Foreign Tax Credit

I found it!  Robinhood - $0.75 of foreign tax paid on line 7.  I don't even know why I paid 0.75 tax but I am guessing one of the companies had some business out of country.

Foreign Tax Credit

if you don't want the FTC delete line 7 

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