I have several accounts where foreign taxes were paid. Many are small amounts in 1099-DIV from the broker but one is over $600 and therefore requires a Form 1116.
My question is: because of that one account where the 1099DIV reports a foreign tax over $600 do I need to also enter all the small amounts from the other 1099 DIVs in the 1116 - or - do I just use the Form 1116 for the one 1099-DIV that is over $600 and take the credit for the others without including them in the 1116?
Hope I am clear.
Jeff