KarenJ2
Expert Alumni

Deductions & credits

If you did make the simplified foreign tax limitation election for AMT in a previous year, you would have only one Form 1116 for each type of income.  For example, if you only had foreign tax credit on wages in a prior year,  and you did make the simplified election, you would have only one Form 1116 for general limitation income.  

 

If you did not make the election, you would have 2 Forms 1116 for general limitation income in your return, one for regular tax and one for AMT.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post