Deductions & credits

From TT's "unsupported calculations and situations in the 2022 TT software"

 

The program does not calculate separate Forms 1116 for categories of income Section 901(j) or "Income
re- sourced by treaty." If more than one copy of Form 1116 is completed using either of these categories
of income, the second and all additional copies will be identified as "Statements" and only one Form
1116 with each of these categories of income will have Part III completed. The program completes Part
IV (Summary of Credits from Separate Parts III) of the FIRST Form 1116 that is completed. It does not
complete the Part IV Summary on the Form 1116 with the highest amount on Line 21.

 

TT also uses this procedure for "passive category income."