I see that page 2 of the Form 1116 instructions refer to an election not to file Form 1116 if certain conditions are met.
One of the conditions is that all of the income and any foreign taxes paid on it must have been reported to me on a qualified payee statement. I did not receive a 1099-INT for the UK bank account interest, so I need to file Form 1116.
I am back to the issue that the Form 1116 generated by TT does not identify the interest from the UK bank account, as being sourced from the UK. Form 1116 has a column header for the United Kingdom, but there is no information in the column.
Though I did not receive a 1099-INT for the UK bank account interest, I entered it as a 1099-INT in TT because there does not appear to be another way to enter the income. In the 1099-INT entry, there does not appear to be a way to specify that the income was sourced from the UK. I changed box 6a foreign tax paid for this 1099-INT to 1.00, but this did not have any effect on Form 1116.
How can I get form 1116 to pick up the UK bank account interest?
