- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
That amount qualifies for the $600 exemption which means it should have appeared on form 1040 line 20 automatically unless you have carryovers. If there are carryovers, then TT will generate a form 1116 and a form 1116 worksheet because in lieu of the exemption, TT will use a calculated foreign tax credit. In Forms Mode, bring up form 1116. If there is an entry on line 10, you have carryovers.
‎April 12, 2022
10:10 AM