TT says I don't have to fill out form 1116. I've entered the foreign tax paid but TT is saying it doesn't see it. Help!
Is the foreign tax in box 7 of the 1099-DIV? Double-check that it is entered correctly in box 7 in TurboTax.
You said the foreign tax "shows on my return." Is it on Schedule 3 line 1? If not, where does it appear on your tax return?
What is the exact amount of the foreign tax in box 7 of the 1099-DIV?
What is the exact message from TurboTax - the entire message, word for word?
-It is in Box 7 1099 DIV form
-It shows as 0 on Schedule 3 Line 1
-$52.31
-You Can Take the Foreign Tax Credit - You've met the requirements for taking the foreign tax credit without filling out Form 1116, but we don't see any foreign tax payments made (or there is no taxable income to apply the Foreign Tax Credit against).
I know the $52.31 is on my 1099 DIV form and that it is populated in TurboTax. But on my final return it's showing 0 on SChedule 3 Line 1. My feeling is my income doesn't qualify me for this since I'm paying no taxes in 2022. Otherwise, I'm not sure why it's not populating.