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Level 1
February 25, 2022
Question

1116 not required if less then $ 300. How do we mark that.

  • February 25, 2022
  • 1 reply
  • 4 views
1099-Div has foreign tax of $ 23 only and we do not want to prepare Form 1116.
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1 reply

George4Tacks
Level 15
February 25, 2022

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 

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