Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Foreign Tax Credit

Election To Claim Foreign Tax Credit Without Filing Form 1116

Introduction to Form 1116

Case Study

Ryan, who is single, received Form 1099-DIV that shows $29 of foreign taxes paid. According to Ryan, he received no other foreign source of income and paid no other foreign taxes. The dividends were paid on shares of a mutual fund that he owned all year. He is eligible to claim the $29 foreign tax credit on Form 1040, page 2, and does not have to file Form 1116.

Ryan.