I'm trying to enter foreign tax credit info and not understanding why no foreign tax credit shows up on my taxes.
All the foreign taxes result from 1 foreign company and a couple of mutual fund dividends. These are imported into TurboTax fine.
When I try to enter the two sources, I'm able to get the total amount to show up, but the list of countries only has one in it.
Then when I look at Form 1116 in the Forms view, after all the mysterious calculations, there is $0 Foreign Tax Credit. I don't know if it's related, but the the entry for "Gross income from all sources" on line 3e of Form 1116 is some unrecognizable number that I have no idea where it comes from. It's over twice my reported income.
I have a carryforward from last year as well. Long story short, no foreign tax credit shows up on my return, and I'm scratching my head wondering why not.
