I have paid < $600 in Foreign Taxes, all from dividends from Canada. TurboTax forces me to use Form 1116, which limits my credit to $29. How can I correct this?
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I have paid < $600 in Foreign Taxes, all from dividends from Canada. TurboTax forces me to use Form 1116, which limits my credit to $29. How can I correct this?
I have paid < $600 in Foreign Taxes, all from dividends from Canada. TurboTax forces me to use Form 1116, which limits my credit to $29. How can I correct this?
Mike443,
Need more info. Were all those dividends reported on financial institution 1099 forms? Did you try to enter the taxes as a deduction or a credit? Are filing married jointly?
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