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Smart Check Error Form 1116 (COPY 1) Foreign Tax Credit Comps Wks: Paid/Accrued Boxes must be entered.
It gives me the following options:
- No entry
- Method: Paid
- Method: Accrued
I haven't paid any Foreign Taxes and have entered that I haven't paid any Foreign taxes. I do have an international rental property, but the income for that property is below the minimum threshold at which Tax is paid in the country where it's located.
I have used TurboTax and filed my Taxes for the previous 2 years, including this properties rental income, and never come across this problem.
Thank you.
March 3, 2022
7:53 AM