Hello! I am currently filling out Form 1116 using Turbotax. I have excluded income through Foreign Income Exclusion and now would like to take a tax credit for the taxes paid on the remaining amount. I am confused about how to enter this in Turbotax.
I am asked for the "Foreign taxes paid on other income" - is this the total tax on all income or the tax on just the non-excluded amount?
Later, I am asked in the Reductions sectino for: Foreign Income Excluded and then Total Foreign Income. Does this mean I should put the total tax on all income for "Foreign taxes paid on other income" because the calculation will be done for me in the reductions section? Thanks for your help!
