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Get your taxes done using TurboTax
Every year, Foreign Tax Credit form 1116 never works initially, until it is correct later by Turbo Tax. I t appears that the amount accrued and used and entered in Part II used to determine the amount to be used for line 8 is never automatically transferred to line 9. Manual Override with that number to line 9 is considered an error, and not accepted by the IRS. A perpetual problem.
March 24, 2021
6:59 AM