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Form 1116
1) Form 1116, Part 1, Line 1a (from 1099s) ... is showing -18,427 (a negative number); As this is only coming from 1099s (Dividends & Capital gains) How can this be a NEGATIVE number?
2) Form 1116 Part 1, Line 3e shows a number greatly in excess of Total income (although we do have large capital losses that result in a net loss of (limited to) $3,000 for (Form 1040 Line 7 (Capital Gain or (Loss)). How is that possible?
‎September 27, 2023
11:59 AM