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Foreign Tax Credit - Double what it should be
I noticed the Foreign tax credit being inserted on the 1040 is high.
It should be $4 and somehow TT is calculating $8. I have chased through the forms and found the value in Form 1116 line 35 is incorrect. I have been through the forms and I still don't see how it is calculating this incorrectly. If I override the value will I still be able to electronically submit the forms?
May 16, 2021
5:49 PM