I know I enter one K-1 for Box 1 and a second K-1 for Box 2. What figures are included on each of these?
Box 16, does it need one K-1, or more than one? What figures are included in these K-1s?
On the 1st K-1, remove 16 code F and move it to the 2nd k-1. Thus the 2nd K-1 will have entries only in box 2 and 16 code F
In addition, due to a TT quirk, TT can see the k-1 inside the foreign tax credit interview only if there is tax paid. So in both K-1's, insert $1.00 into Box 16 code M. After completing the interview, bring up the f1116 wks. and in part 2 override the 1.00 with a zero.
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