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=Unless the foreign tax on the dividends was more than $300 ($600 MFJ), you would have been better off taking the credit directly on Form 1040. You don't need to file Form 1116. This is almost always better than taking them as an itemized deduction. You can go back and amend the prior three year's returns if it's to your advantage. I can't tell you how to accomplish this in your software, but usually there is a checkbox on the 1099-DIV input screen to tell the program that an 1116 isn't needed.

Ira
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