pk
Level 15
Level 15

Deductions & credits

@woodwardann , I don't know where exactly you are  in your data entry -- what I remember is that when in  credits/deductions , you select that you have foreign tax credits and then it guides  you into whether you want foreign tax credit or deduction and thereafter lets you choose  "simplified method" -- this should result in NO form 1116  and/or schedules.  The amount of the credit then should show up on schedule 3 in the top half  where it deals  with non-refundable credits ( it just reduces your  tax liability but not below zero, implying that if your  tax liability is already zero then the credit does nothing for you ).

Please tell me more about the situation  so I can duplicate and see what/where Turbo is making error--yes ?

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