DMarkM1
Expert Alumni

Deductions & credits

The easiest way is probably using the "Forms Mode".  

 

  1. Open Form
  2. Use the Federal forms dropdown
  3. Find the Form 1116 Comp Wkst
  4. Create new
  5. Name it (Copy 1, for example)
  6. Select a category of income (a-g) For example, dividends and interest are passive category or wages/self-employment is General category
  7. Scroll down to the Foreign Tax Credit Carryovers table
  8. Make entries in the carryover column for the corresponding year from your 2022 worksheet
  9. Same process for the AMT entries in table below that
  10. You should then see a form 1116 created in your forms list on the left hand side with the name you entered
  11. If you have another category of income to enter
  12. Open form
  13. Find the Form 1116 Comp Wkst
  14. Create new
  15. Name another (copy 2)
  16. Same entry process
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