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Form 1116 needs an explanation
In TurboTax Desktop, I have a message saying "Check this Entry": "Form 1116 (COPY 1)-- Explanation Stm: Detailed Explanation must be completed. Enter your explanation here to complete the required statement. It must show the other deduction items for line 3B column a." If I go to the form, line 3b says "other deductions (attach statement)" and a value of $14000. On the 1116 worksheet, this is listed as "remaining dedns from gross income". I haven't the foggiest idea where TurboTax got this number, so how am I supposed to explain it?
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‎April 3, 2022
11:33 AM