DavidD66
Expert Alumni

Get your taxes done using TurboTax

TurboTax is properly including Schedule 1 deductions on line 3b of Form 1116.  These deductions include Self-Employment Tax, Self-Employed Health Insurance, and Self-Employed Retirement Plan.  According to the IRS instructions for Form 1116, line 3b:

Enter on line 3b any other deductions that don’t definitely relate to any specific type of income (for example, deductions shown on Schedule 1 (Form 1040), Part II, Adjustments to Income)

You should not edit the worksheet to change this entry.

 

@WriteOffWarrior  @sbs11 

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