itonewbie
Level 15

As the IRMN says, there are conditions you must satisfy to claim FTC without filing F.1116:

  • ALL of the taxpayer's foreign source gross income was passive income.

  • All the income and any foreign taxes paid on it were reported on a qualified payee statement (e.g. 1099-DIV, 1099-INT, K-1).

  • Total creditable foreign taxes aren't more than $300 ($600 MFJ).

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