I have a 1099-Div form from Vanguard showing $663.33 in Total Ordinary Dividends, $462.67 in Qualified Dividends and $39.52 in Foreign Tax Paid. All are from the Vanguard International Stock Index Fund. Since the Foreign Tax Paid is less than $600.00, from reading the instructions for Forn 1116, I think I can just enter the $39.52 on Line 47 of Form 1040, and do not have to fill out Form 1116. Even for a couple of $$ savings, I would rather avoid Form 1116. Just lazy I guess.
Does anyone think I am doing this wrong?