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Get your taxes done using TurboTax
Thanks again for the suggestions and tips. I'll probably start on my 1116 inputs tomorrow and I'll see what the TT will ask from me and what I will get there. I am not sure how the TT software produces the Form 1116 right now, but I have to disagree with you there - the IRS clearly states in the instructions for that Form that income from each country should be listed separately. I guess they want to make sure the excluded countries are not included in the FTC calculation. That might be the problem with the TT this year - lumping all countries together as "Various" might be no longer allowed by the IRS.
May 7, 2021
12:07 PM