LinaJ2020
Expert Alumni

Deductions & credits

The order should be, entering K-1 first, then Form 1116. What type of K-1 is it ?  ( partnership, corporation?)  and which box does it reflect the foreign income or taxes on the form?

 

To enter Form 1116, here are the steps:

  • Open up your TurboTax account and select Pick up where you left off
  • At the right upper corner, in the search box, type in "foreign tax credit" and Enter
  • Select Jump to foreign tax credit
  • Follow prompts

 

 

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