1943226
You'll need to sign in or create an account to connect with an expert.
If you select that you want the simplified method, TurboTax should allow you to use safe harbor of upto $600 foreign tax credit ( for joint filers) without using form 1116---- ( form 1116 would recognize the foreign taxes paid but allowable for the year would be based on a ratio of foreign income to world income and may be pretty much reduced).
Does this make sense or do you need more help ?
Question answered, thanks
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ydarb213
Level 1
anonymouse1
Level 5
in Education
mburback8
New Member
postman8905
New Member
gerardgustafson7
New Member