Form 1116 Generator by Jotform
Paid income taxes to another country? Form 1116 helps individuals, estates, and trusts claim the foreign tax credit. Fill it out online for free with Jotform and download a completed PDF for your return.
Protect your income details
Foreign income amounts, tax payments, and identification numbers deserve careful handling. Jotform uses 256-bit SSL encryption and GDPR and CCPA friendly features to protect your data, and you can enable encrypted forms for an extra layer of security.
Fill it out on a phone, tablet, or computer
Form 1116 opens in any modern browser, so you can work on it from your laptop at home or your phone while you're abroad. The layout adjusts to fit your screen.
Straightforward fields and a ready PDF
Enter your foreign income, taxes paid, and credit figures in organized fields, one part at a time. When you're finished, download your Form 1116 as a PDF.
Delivered in the official IRS format
Your entries are converted into the original IRS Form 1116 layout, so the PDF matches what the IRS expects to see attached to your Form 1040.
FAQ
What is Form 1116?
Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), is used to figure the credit you can claim for income taxes paid or accrued to a foreign country or U.S. possession. The credit helps keep you from being taxed twice on the same income.
Who needs to file Form 1116?
U.S. citizens, resident aliens, estates, and trusts that paid foreign income taxes and want to take them as a credit generally file Form 1116.
Some people with only passive foreign income and a small amount of foreign tax can claim the credit directly on Form 1040 without it. Check the current instructions to see if you qualify.
Do I need more than one Form 1116?
Possibly. You need a separate Form 1116 for each category of foreign income, such as passive category income and general category income. People with both foreign wages and foreign investments often end up filing two or more.
Should I take a credit or a deduction for foreign taxes?
You can usually choose to claim foreign income taxes as a credit on Form 1116 or as an itemized deduction on Schedule A. A credit reduces your tax dollar for dollar, so it often saves more, but the better choice depends on your situation. A tax professional can help you compare.
How do I fill out Form 1116?
First, check the box for the income category the form covers and enter the foreign country or U.S. possession. In Part I, report your gross foreign income and the deductions and losses that relate to it. In Part II, list the foreign taxes you paid or accrued, in both the foreign currency and U.S. dollars.
Part III figures your credit limit based on how your foreign income compares to your total income. If you're filing more than one Form 1116, Part IV adds up the credits from each one.
Can I download my Form 1116 as a PDF?
Yes, and it's free. After you fill out the form on Jotform, you can download it as a PDF, print it, or send it to your tax preparer. Jotform doesn't file the form for you, so you'll attach it to your return yourself.
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