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- 1116 not required if less then $ 300. How do we mark that.
1116 not required if less then $ 300. How do we mark that.
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libertypending-
Level 1
02-25-2022
01:09 PM
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1099-Div has foreign tax of $ 23 only and we do not want to prepare Form 1116.
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George4Tacks
Level 15
02-25-2022
01:25 PM
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Go to Foreign Tax Credit (1116) and look in the upper right for Gen. Info/Elections.
Do Resident of.. and 1 to not bother to print the election or 2 to print it with the return
Answers are easy. Questions are hard!
