form-1116-turbotax

How To Enter Form 1116 In TurboTax & Claim Foreign Tax Credit?

By claiming the foreign tax credit, US citizens can save significant money on their taxes. It is a money-saving credit offered by the IRS that helps you eliminate the double taxation burden. Now, the role of IRS Form 1116 is to help you calculate the foreign tax credit amount you can claim. You’ll be doing …

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