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Deductions & credits
The easiest way is probably using the "Forms Mode".
- Open Form
- Use the Federal forms dropdown
- Find the Form 1116 Comp Wkst
- Create new
- Name it (Copy 1, for example)
- Select a category of income (a-g) For example, dividends and interest are passive category or wages/self-employment is General category
- Scroll down to the Foreign Tax Credit Carryovers table
- Make entries in the carryover column for the corresponding year from your 2022 worksheet
- Same process for the AMT entries in table below that
- You should then see a form 1116 created in your forms list on the left hand side with the name you entered
- If you have another category of income to enter
- Open form
- Find the Form 1116 Comp Wkst
- Create new
- Name another (copy 2)
- Same entry process
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March 11, 2024
12:26 PM
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