DanF
Level 1
03-19-2022
11:25 AM
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Hi - I'm preparing a return with a small ($20) amount of foreign taxes paid per a 1099-DIV. I think I should be able to elect a 'simplified method' without having to do the Form 1116, but for the life of me I can't figure out how to do this in PROCONNECT, which keeps pointing me to do a Form 1116. Any ideas?
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George4Tacks
Level 15
03-19-2022
04:57 PM
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Credits > Foreign Tax Credit > in the upper right click the Gen.Info/Elections > 2nd entry input a 1 (or 2 if you like to see things in print)
Answers are easy. Questions are hard!
DanF
Level 1
03-19-2022
05:44 PM
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Thanks!!