Deductions & credits

I complain about this defect every year.   Even if you combine 8  countries and pretend that they are only 4, for example, you have to be aware that you can only use each country 1 time.  When I got all done with this for 2019 I was still not sure it was right because I only got to use about 4500 of the roughly 6500 possible credit, which seemed to have been a function of some incomprehensible alternative minimum tax adjustment that is made just to the foreign tax credit.  Then I read the instructions for form 1116 which are as incomprehensible as the TT program dilemma and I decided that my time was worth more than fooling around with it anymore or trying to understand the calculation and the adjustments made in 1116.    Complain to TT about how it works and write your congressman  about asinine it is that this is as complicated as it is.  

 

What is even more interesting is that if you use the corporate version which does 1041s for Trusts, it is seamless and simple.