You need to file Form 1116 with your tax return when you paid more than $300 or $600 in foreign taxes. Here’s a walkthrough for how to do it in H&R Block.
How to Enter 2022 Foreign Tax Credit Form 1116 in TurboTax
You need to file Form 1116 with your tax return when you paid more than $300 or $600 in foreign taxes. Here’s a walkthrough for how to do it in TurboTax.
Random Thoughts From a Month-Long Trip to Switzerland
Switzerland has made great achievement in the world as such a small country. What made it so successful and what can we learn from it?
Too Much Hassle in Claiming Foreign Tax Credit on IRS Form 1116
Holding international stock funds in a taxable account gives you foreign tax credit, but claiming it on IRS Form 1116 has become too much hassle.
While On International Travel, Always Transact In Local Currency
When using a credit card or debit card outside the U.S., always choose to transact in the local currency and reject the U.S. dollar amount.
Free International Wire Transfer via Fidelity or Vanguard
When you need to do an international wire transfer, do it through Fidelity or Vanguard.
Now With Small Caps: New Fidelity International Stock Index Fund
Fidelity’s Total International Index Fund is more diversified than its other international index funds.