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Get your taxes done using TurboTax
When I follow my advice above with a manual entry summing the the two K-1's Part III Beneficiary Share "Qualified dividends' (line 2b) into the Form 1116 "Comp Wks". Part I - Taxable Income (Loss) for line g, Column A for country "Various" I now get a much higher (full) credit. To my remaining questions are: 1. Is it OK to make this manual entry? 2. Why doesn't TurboTax do this automatically? I have been making a lot of changes to these form this year or perhaps it is because I use the country 'various'?)
March 16, 2021
6:46 PM