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Mike443
New Member

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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1 Reply

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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