2477572
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

UFOFOOL1937
Returning Member

I can't find the Form 1116?

How to find the F1116
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

I can't find the Form 1116?

Both the credit and the deduction are entered in the same place. Here's what you do:

  1. Make sure you've entered all your foreign income
  2. From within your return, search for foreign tax credit and select the Jump to link in the search results
  3. Answer Yes to Did you pay foreign taxes in 2021 or have credits to use from a prior year?
  4. Follow the instructions to get the credit or deduction

In most cases, taking the credit works out better than the deduction. We'll help you decide which one's best for you when you go through this section.

If you choose to take the credit (most people do), we'll attach Form 1116Foreign Tax Credit if your situation requires it.

Note: You won't be able to take a credit or deduction for taxes paid (or accrued) on excluded foreign earned income or housing. This is because excluded income and housing isn't taxed in the first place.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question