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Deductions & credits
I missed the “Not” above. If you you leave the Other Gross Income blank, your gross income will not be carried to Form 1116 and you won’t have the foreign tax credit for the current year. All the foreign taxes you paid will be carried forward to be used as a credit because the income is 0 on part I of the Form. So you have to enter your gross income for each country in the “Other Gross Income”, don’t leave it blank thinking that you already entered the amount somewhere sense.
Abe Woldesemayat...
March 1, 2021
1:37 PM