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Form 1116 : turbotax error
HELP . . .
IRS instructions explain how to elect to claim the foreign tax credit without filing Form 1116.
This specifies that the foreign taxes don't exceed $300 (single).
IRS instructs me 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 .
Form 1116 generates a much lower credit.
I have erased everything and tried again ; same results .
rhs3
March 17, 2023
12:47 PM