My token is 145330069-55055787. I have been using TurboTax for around 30 years - starting using it when it was still a DOS program. For the past several years, my husband's 1099 has shown foreign taxes paid and we have been able to claim a foreign tax credit for the full amount. This year, for the very first time, the program did not allow us to take the entire credit, so I started digging down into the Form 1116. I found that the program on Part I, line 1a shows an amount of gross income from the foreign country of $3,092. If I try to drill down it says this amount comes from the 1099s. I do not believe this is true. I reviewed his 1099 many times and this number does not appear anywhere. There are just two amounts related to the foreign income - first, $5,721 of qualified dividends and secondly, the foreign taxes paid of $1,509. The program also lists other deductions (line 3b) which I have no idea where this number is coming from. I believe the program is wrong in disallowing any of the foreign tax credit. I'm not sure if I sent the correct version of the return to you. The foreign tax credit doesn't get partially disallowed until I run Smart Check. Two errors come up and the second one forces me to enter the qualified dividends of $5,721 and then the foreign tax credit gets partially disallowed. (Also, the first error doesn't make any sense either). Thanks for your help!!
