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Form 1116 Error TurboTax
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 deleted 1116 several times . Schedule 3 , line 1 is initially blank but when I enter try to enter a number , a new 1116 worksheet appears with the same wrong options .
rhs3
March 20, 2023
3:51 PM