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Form 1116

Form 1116

IRS Form 1116 (2024) is used to calculate and claim the foreign tax credit for foreign taxes paid or accrued on foreign-source income and must be attached to a U.S. federal tax return.

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User Account Creation Form for requesting new account access

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User Account Creation Form for requesting new account access page 0

User Account Creation Form for requesting new account access page 1

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Frequently asked questions

IRS Form 1116 (2024) is a two-page worksheet-style tax form used by individuals, estates, and trusts to compute the allowable U.S. foreign tax credit. Filers select an income category (such as passive or general), report foreign-source taxable income and related deductions by country/territory, and list foreign taxes paid or accrued (including withholding) with dates and amounts converted to U.S. dollars. The form then calculates the credit limitation and the final credit to carry to the appropriate line on the tax return. It requests the filer’s name and identifying number and requires supporting records for foreign income, taxes, and currency conversion.
U.S. taxpayers (individuals), estates, or trusts with foreign-source income who paid or accrued foreign taxes and are claiming the foreign tax credit.
Attach to and submit with your federal income tax return (Form 1040/1040-SR/1040-NR, Form 1041, or Form 990-T) via IRS e-file or by mailing the return to the IRS.

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