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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 ?
‎April 21, 2021
12:48 PM