Hi, thanks a lot for such a quick reply on a Sunday!
Your proposed workaround is working. However, once I have manually entered the HTKO column, I can't go through the interview again (I am using estimated values until I receive the exact foreign tax amount, I'll have to adjust everything directly on the forms). Combined with the other challenges regarding entering each form 1116 in sorted order from higher amount to lower amount knowing that I also have a small foreign credit from a 1099 DIV, it makes the overall process quite convoluted. Could you suggest an enhancement of the f1116 handling for next year's TT release? I am expecting to go through the same every year and would love to see it a little easier. I also noticed that the Error checking mechanism was pretty weak for form 1116.
Regarding your specific instructions:
You should see lines 2 thru 5 vacant >>> Confirmed.
and the entry in line 6 is the same as in column A, only negative. >>> I think that's how it should be but not what I see in TT. I have expenses in line 2 and line 3g filled out for the country. But my line 6 has different amounts (in absolute value) between country and HTKO columns. My HTKO line 6 is the same as my country line 3g only negative. However per IRS:
Add all deductions that are definitely related or apportioned to passive income that is treated as another category of income because it is high taxed and enter the total amount of those deductions on line 6 in the HTKO column. Enter the amount as a negative number on your Form 1116 for passive category income. Enter the amount as a positive number on your Form 1116 for the other category of income.
>>> My interpretation is that my HTKO line 6 should be my country line 3g + line 2 amount, only negative (basically as you mentioned, same absolute values). Looks like TT's interpretation is line 3g only based on what I see. What do you think?
Also line 14 should be zero as the HTKO on line 13 offset the amount in line 9. >>> Confirmed. I do have some RIC/1099 DIV that show up on line 14 but it would be zero if I didn't.
