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Deductions & credits
It may be I'll reach that point in needing to update the system eventually, but meanwhile as I am getting all these forms data entered in piecemeal, but for now what is happening is that the form 1116 goes away if I purposely check Box 7a of every 1099-DIV that has a foreign tax paid. Which by the way weren't linked to any form 1116 by me. TT is doing some funny things when you have amounts in Box 7 and don't choose anything under 7a, b, c or d. Another related but slightly different crazy deal is that Vanguard puts $ amounts in Box 2a which costs you taxes, but eTrade and Fidelity don't put any amounts in Box 2a which saves on your taxes. Who can figure that out?
‎February 14, 2021
10:12 AM