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URL:  http://boards.fool.com/there-is-some-misunderstanding-of-what-i-posted-i-27865645.aspx

Subject:  Re: Should I file this? Date:  8/6/2009  12:52 PM
Author:  fleg9bo Number:  106676 of 121061

There is some misunderstanding of what I posted.

I had foreign tax withheld from dividends. This was reported on 1099s.

I filled out (or had TurboTax do it) Form 1116 to see if I got a foreign tax credit. The form says I get zero foreign tax credit. I will check the worksheet for Form 1116 to see if I can carry forward any unclaimed credit.

Since I get zero foreign tax credit, should I even bother to include Form 1116 with my return?

That was the question.

As an aside, I mentioned that I owe no tax for 08 because I anticipated that someone would suggest I take the foreign tax witheld as a deduction. Whether I take it or not, makes no difference.

--fleg
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