Nice catch. I think that does explain some of what is going on here, at least $111 worth. The other issue, the bulk of the credit shortfall, I think is due to the fact that TT does not retain more than one country payer in the dialog mode. It only holds one country's payment(s), so if you attempt to add another country, the prior entry is lost. A work around is to combine all foreign income under "various" in the country dialog box. That way the full amount of foreign tax payments go into the calculation with one entry. This should not present an IRS problem as long as you are not receiving income from some place like Iran which is restricted. Otherwise, I believe you can switch to manual entries on the form 1116 and include however many country payers you have.
Thanks!
