Thank you @pk again for all your help and looking into this .
I am using the Turbo Tax online version and when I am reaching for the Federal Review , its asking for me to review the answers. On clicking on the Review button , it's taking me to FORM 1116 (COPY 1) . At the top of the form I can see this written as the heading " Foreign Tax Credit Computation Worksheet ".
Now in this form , its asking me to answer the questions :
4 (b) 1 (b) Adjusted basis of investment assets generating foreign income , and
4 (b) 1 (c) Adjusted basis of total investment assets
If I choose to leave them blank and go ahead , it again goes to the Federal Review and there it again takes me back to this form to answer these questions.
