I am trying to fill in form 1116. I have foreign tax credit which fits HTKO definition. Following IRS instructions, I fill in 1 form 1116 general income with country HTKO and gross income. Then I fill in another form 1116 passive income with 2 countries defined: The actual country income tax was paid and another HTKO with gross income as a negative value.
Following TT interview, all is well up to the Country Summary so I hit Done. The next screen asks me "Any foreign source qualified dividends or long term capital gains". I am supposed to indicate whether part of the income is from qualified dividends and the only button available then is Continue. Regardless of the entries for foreign qualified dividends, the Continue button does nothing and I can't get passed it to go to the next screen. I am stuck.
I tried many variations, tweaking the form directly, entering forms in a different order but the only way I can get passed it is by using a positive number for the passive income HTKO entry (which increases my tax return amount and is incorrect).
Per IRS instructions:
High-taxed income.
On your Form 1116 for passive category income, passive income that is treated as another category of income because it is high taxed should be included on line 1a in the column for the country entered on line i. Also, enter the high-taxed income in the "HTKO" column on line 1a as a negative number. On your Form 1116 for the other category of income, the high-taxed income should be entered as a positive number on line 1a in the "HTKO" column.
Help? TT bug?
