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How do I enter info to generate form 1116 for foreign tax credits?
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June 7, 2019
4:39 PM
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Deductions & credits
If it's not paid on interest, dividends, or capital gains (it's reported on those separate income forms), then a Form 1116 needs to be filed out.
To generate an 1116:
1. Click Federal on the left-hand side menu.
2. Click Deductions & Credits across the top.
3. Scroll down to Estimates and Other Taxes Paid and click Show more.
4. Click Start or Revisit by Foreign Taxes.
June 7, 2019
4:39 PM