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

Foreign Tax Credit Workout

Election To Claim Foreign Tax Credit Without Filing Form 1116

Skills Warm Up: FTC Without Form 1116

Question 2 of 3

Clyde comes to your site seeking help with his foreign tax credit. He is single and his Form 1099-DIV shows a total of $423 of foreign tax paid. Can Clyde claim the foreign tax credit without filing Form 1116?