- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Form 1116, Other deduction explanation
In Part 1 there are 3 columns (A, B or C). Each Column I have used for different entity which came from different sources such as K1 or 1099.
Software is asking me 3 times, , (3,A and 3, B and 3,C) Other deduction explanation.
Q: I am assuming A, B or C is reference to Columns on Form 1116, Part 1?
Number 3 comes from Part 1, then Deductions and losses? But there are 3a and 3b deduction lines. I did not add any deduction on my own, software imported 3a as Standard Deduction of $12550 and 3b as HSA deduction of $3600.
Q: I will enter same explanation 3 times, one for each Column (A, B or C) as (these explanation statement pop up and will not go away until I write something)?
3,a
Used Standard deduction of $12550
3,b
Deduction of $3600 HSA account contribution, see Form 1040 Schedule 1, Line 13