Revisit the foreign tax credit interview. Here are the screen headers and responses. It is assumed there are no 1099's or K-1's with foreign tax withheld.
1. Foreign tax credit
Yes
2. Before we begin
Yes
3. Foreign taxes
Continue
4. Tell us about your foreign taxes
Check the applicable entry, then Continue.
5. Foreign taxes
Continue
6. Do you want a deduction or credit?
Take a credit
7. Reporting foreign taxes paid.
Continue
8. No other income or expenses
No
9. Completing forms 1116
Continue
10. Foreign tax credit worksheet
Continue
11. Choose the income type
General
12. Country summary.
Add a country.
13. Country Name
Select the country
14. Other gross income- country
Enter the amount even though reported elsewhere.
Continue
15. Definitely related expenses-country
Enter applicable data then Continue.
16. Foreign losses
Enter applicable amount then Continue
17. Foreign taxes paid –country
Enter the data then Continue.
18. Country summary
Done.
Continue working through the remaining screens until finished.
