From Form 1116, Foreign Tax Credit Instructions on page 9,- worksheets are used to determine the answer. Please see page 10, Schedule D filers to complete the correct worksheet for your situation.
The page 10 instructions include: Adjustments to foreign capital gains and losses. You must use Worksheet A, Worksheet B, or the instructions under Capital Gains and Losses in Pub. 514 to determine the adjustments you must make to your foreign capital gains or losses. Read the instructions that follow to see if you qualify to use Worksheet A or Worksheet B. If you don't qualify to use Worksheet A or Worksheet B, use the instructions under Capital Gains and Losses in Pub. 514 to determine the adjustments you must make.
@glance56
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
