I paid foreign taxes on dividends in the amount of $1,500. I have foreign earned income in the amount of $7,000. I wish to take the $300/600 deduction on Schedule 3, Line 1. I was able to do this on the 2023 and prior year's returns.
I have tried to enter the $300/600 deduction directly on Schedule 3, but the software won't allow an entry there. I have tried putting the info on Form 1116, but can only get a $92 FTC. (which is the correct available FTC), I totally get that. I I have tried deleting Form 1116 and entering all the info first through the "Interview" and then through the "Forms" method. There is either a software glitch here or I am missing where the data should be entered. I am a CPA and have been preparing tax returns for over 50 years and using TurboTax for 11 years. I don't think I am over the hill yet, but I could use some help here! Thanks so much for any insight you can provide ...
