Hi Again,
No clue where the generation skip is coming from - I've not made or received any gifts and the field should be empty as I've not filled it in myself.
What's happening is if I go into Federal>Deductions & Credits>Foreign Taxes for editing and go through the foreign credit track I eventually get to itemized deductions. If I put in my number (for these purposes, let's say 50k) and finalize that flow, on the summary screen my Foreign Taxes come up as $0.
However, the line item below on the summary screen is "Other deductible expenses" which should be empty but reflects the exact amount I input in my itemized deductions for foreign taxes (in this case 50k). If I click "edit" it asks me to "Tell us about your generation-skipping taxes
For each gift that you paid generation-skipping taxes on, enter the description and amount."
This shouldn't be the case as I haven't input any generation skipping taxes nor do I have any to claim. It's quite odd which is why I'm wondering if it is a software glitch.
On the foreign income exclusion, I've not tried it both ways (physical presence test - 3 days last year stateside, 0 for business) and the bonafide resident with the same results - the exclusion doesn't appear to be applied. Have never revoked the claim either and we've been abroad 10+ years.
Any ideas?
