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Returning Member
posted Mar 9, 2022 9:15:56 AM

Foreign tax credit - do I really have to complete 1116 or can I just enter the $3.51 on my 1040?

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1 Replies
Expert Alumni
Mar 9, 2022 9:30:49 AM

The 1116 is not necessary for less than $300 and can go on your 1040. The program should enter it for you when you input the information on the form.