- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you Michelle. The Form 1116 is not ready yet for filing 2021 federal taxes. I was browsing the 2020 return (filed and accepted return - last year). Turbo Tax does not explain how line 3e, form 1116 has been calculated. It does not look easy? The Gross Income is higher than the net income in Form 1040, line 9. There are some discussions in the TT community. But I am unable to understand how the excess income has come from in the return that has added to Form 1116, line 3e. Thank you. Please note this Form 1116 is not ready yet for filing 2021 taxes. Thank you,
‎February 28, 2022
2:13 PM