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New Member
posted Feb 17, 2025 10:48:00 AM

Can I deny my foreign tax credit? I do not want to pay for the upgrades service for a $1 credit.

0 3 980
3 Replies
Expert Alumni
Feb 17, 2025 10:49:12 AM

Absolutely. It is not worth the upgrade for you. Forego the $1 and have a great day!

New Member
Feb 17, 2025 10:56:35 AM

Thanks for the response. How do I forgo the credit? I did not see the option to deny it using the free version?

Expert Alumni
Feb 17, 2025 11:01:18 AM

The credit may be listed on your Form 1099-DIV in box 7 and 8 or 1099-INT in box 6 and 7. If you remove that entry, then you won't have to deal with it.