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Get your taxes done using TurboTax
My Form 1116 line 3a is being reduced by the $10,000 cap on itemized taxes, so rather than matching what you mention in your note, in TurboTax, my Form 1116 line 3a is Schedule A line 4 plus line 7 rather than 4 plus 5a plus 5b. The instructions for Form 1116 indicate what you said is correct, but this isn't what TurboTax is doing. Which is correct? And if it's the latter, how do I correct it in TurboTax?
March 2, 2023
3:00 PM