Per IRS Instructions for Form 1116 Foreign Tax Credit (Individual, Estate, or Trust), on page 1:
Election To Claim the Foreign Tax Credit Without Filing Form 1116
You may be able to claim the foreign tax credit without filing Form 1116. By making this election, the foreign tax credit limitation (lines 15 through 21 of the form) won't apply to you. This election is available only if you meet all of the following conditions.
This election isn't available to estates or trusts.
To make the election, just enter on the foreign tax credit line of your tax return (for example, Schedule 3 (Form 1040) Additional Credits and Payments, Line 6) the smaller of (a) your total foreign tax, or (b) your regular tax (for example, the total of Form 1040 U.S. Individual Income Tax Return, Line 15 and Schedule 2 (Form 1040) Additional Taxes, Line 8.
Note. Form 1116 Foreign Tax Credit will not print with your return if it is not necessary.
For interest and dividend income, please see the Investment Income section of the Federal Q&A.
If, in the Q&A interview for Form 1116, you re-entered manually any information that already flows automatically from qualified payee statements, you can delete those entries.
To delete the payee statement entries:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.