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- Re: Foreign Tax ($228) paid by trust
Foreign Tax ($228) paid by trust
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Greta
Level 9
03-05-2022
07:11 PM
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Is there a way to credit the trust with $228 directly (since it's under $300) the way an individual does? Or is Form 1116 mandatory?
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3 Comments 3
Greta
Level 9
03-05-2022
07:55 PM
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Continued question: Is there a way to credit the $228 foreign tax to the beneficiary via a K-1. She is getting the dividends after all.
msmith7305
Level 7
03-05-2022
10:32 PM
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It is mandatory
Greta
Level 9
03-06-2022
08:14 AM
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I'm unable to manage Form 1116. Foreign tax is just on dividends. Line 3b that software entered the beneficiary's K-1 portion glows red. Line 8 I entered date, tax on dividends in US currency, nothing happened, zero is result.
