“Can the Deluxe version handle a tax credit for foreign tax paid by a U.S. mutual fund of foreign stocks that is in slight excess of the $300 limit? Form 1116 (Foreign Tax Credit) does not seem to apply to such a situation.”

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• Yes

  Answered by Jenn 6 years ago

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• I believe you may need t upgrade to the Premier version. I had to do that to accommodate my investment data.

  Answered by Bevaru 6 years ago

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• Information from Turbo Tax website. I hope this helps! https://turbotax.intuit.com/tax-tips/military/filing-irs-form-1116-to-claim-the-foreign-tax-credit/L2ODfqp89

  Answered by Anne 6 years ago

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