Hi 2021 Foreign tax credit. Below are my issues:1. I paid $2000 FTax. No credit from TT..2. Form 1116 it prints only 1st page.Any help? TT Issues?

Forum|Forum|4 years ago
September 9, 2022
4 replies
16 views

Turbo Tax(TT) seems to have issues with Foreign tax (FT) credit calculations. My taxes are same either I input Foreign taxes paid $2000 or 0. It seems TT have some issues in dealing with Foreign tax credits. The from 1116 page1 only printed, the second page is missing in the forms printed to review the calculations. Looking for help with my issues, updated desktop version as of 9/8/2022.

TurboTax Online

Mike9241

Level 15

we can see your return so if the following don't help contact support. for form 1116

1) has a category been selected

2) country even if various entered

3) income from foreign sources in part 1 line 1a

4) paid or accrued checked

5) something for the date paid

6) FTC shown in part II

7) amounts on line 7 ( if 7 is negative you get no FTC) & 8

😎 are these foreign income taxes or could they be foreign real estate taxes?

if this is from foreign earned income have you taken the foreign earned income exclsuion.

Mike9241

karunagiAuthor

Level 2

Hi Mike,
I need your help in reviewing the form 1116 issues. I have a desktop version. Would you be able to help or how do I get in touch with an expert?

I followed all of your suggestions listed in your email.

Thanks

Arun.