3537078
I use TurboTax business for a trust and it's creating form 1116 even though I don't have any foreign taxes. All income is 1099-B's from stock sales, no 1099-DIV's. All past income has been interest or dividends. Even when I had foreign taxes it didn't create form 1116. It may not have been created because it was last than $300
Not sure why it's creating the form. Since I don't have foreign taxes, can it just be deleted? Kind of hard to fill out the country where I didn't pay taxes!
Thanks
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Yes, you can delete the Form 1116 if you don't need or want the foreign tax credit.
Thank you!
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