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Get your taxes done using TurboTax
I have 2 Forms 1116. One for my Brokerage Acct. i.e. 1099 (1116 Copy 1), and one for a K-1, MLP (1116 Copy 2). The number from line 8 Copy 2 is not transferred to line 9, but is added to Copy 1, Part II, Country, Column (u), Totaled on line 8 and then correctly copied to line 9. This is working OK, at least for me. I did do all my work and entries on the worksheet. Interestingly enough, Copy 1 which is the "Master" Form 1116 does not show up automatically in the Forms on the left. I have to keep opening it manually. Copy 2 is shown in the forms on the left.
March 24, 2021
8:26 AM