@pk
Thanks - it seems you are also of Indian origin?
1. You said I have 2 options either efile for her self prepared or hire a tax professional.
What is the advantage of using and paying tax professional - like I mentioned last year I hired EA but she made a huge mistake by declaring her interest and capital gains income as other income. ...so what is the point? If I file for her and later IRS sends a notice - will IRS hold me responsible for not giving full details of capital gains on form 8949? If I use paid tax preparer - that possibility of responsibility will be on that tax preparer?
2. Until 2019 I have declared her interest income as 'Various Indian banks' on 1099-INT - because she has accounts with more than 8 banks and total more than 30 accounts ...so I would just calculate total and convert in to USD and declare in one line ...is there any problem doing that again?
3. I have copy of her 2020 return but it does not indicate anywhere about simplified election - I can see 1116 form but does not say anything about choice we made (One thing am certain that 2020 was the first year we thought for getting foreign tax credit - previous years starting 2014 we never claimed foreign tax credit ..even though she did pay taxes to Indian govt) - I can not reach out to that tax preparer any more so only way to find is thru transcript? I will not be able to get the transcript before 15th OCT so any other option?
Thanks a lot for your time and energy to help.
