- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
HELP . . . .. .....
IRS instructions explains to election to claim the foreign tax election without filing 1116.
This specifies that the foreign taxes don't exceed $300 ( single ) .
We are instructed to enter the amount on Schedule 3 , line 1.
But when I do this TT takes me to a worksheet with only two options : Deduction or 1116 .
1116 generates a much lower credit.
rhs3
March 16, 2023
4:53 PM