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Get your taxes done using TurboTax
for each category of income, a separate 1116 must be prepared. you didn't mention the source so we can't tell you the category except that if it is investment income - dividends, interest capital gins, that's the passive category. you can review the 1116 instructions to see what types of income fall into each category.
even within the same category you must separate the FTC, and foreign income by country on which you pad the tax so one column on it could be Canada, gross income 5000 FTC 750.
March 9, 2024
3:35 PM