How to Fill out Form 1116 on Foreign Tax Credit (Individual, Estate, or Trust)
IRS Form 1116, the Foreign Tax Credit, enables U.S. taxpayers to claim a credit that may reduce their U.S. tax liability on income earned abroad.
How to claim Foreign Tax Credit on your U.S. Tax Return
If you’re a U.S. citizen or tax resident, you may be subject to U.S. tax on your worldwide income. This means that you may be taxed on the income you earn from other countries.