Foreign tax credit

[cmco2121]

entering foreign tax withheld on dividends <screen 12 line 16 with a 1 on line 14>-  taxpayer does have us tax but the credit is not appearing.  (?)

[Kathi_at_Intuit]

Nice to have you in the community. Is it not appearing on the 1116, but appearing on the 1040?

[George4Tacks · Accepted solution]

Possibly the income is low enough that the foreign income is qualified dividends that yield no tax. You get a credit for the lower of US tax or Foreign tax ON THAT FOREIGN INCOME. 

Give some specifics if this doesn't answer your question. The 1 in code code 14 only points to what you have entered in the 1st instance of Screen 35, as to country and type of income.  Try https://accountants-community.intuit.com/articles/1633001-reporting-foreign-dividends-and-withholdin...