- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
thanks. I found it , way in the back of my 1099-div. for my Schwab acct i have about 10 seperate funds each one is labeled "RIC" but when I run turbotax, should i enter "RIC" or can i just enter "VARIOUS and just have 1 line item rather than 10 ?
also I am amazed at how complex form 1116 is .
Im not sure how to deal with carry back / carry forward. last year an account prepared my 2018 return. I can see a part III credit carryback/ carryforward page and another page labeled AMT. it seems that we used Passive income of the non AMT part III page and entered in on line 10 of Part II. this passive income amount was the lower of the 2 (non amt vs amt). does this make sense? how did all this carry back/fwd get calculated and how do i know if i have any left?