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Deductions & credits
Hi. I have a similar problem. I have a value larger than the FTC on line 16. TT tells me that I have recorded $X of FTC but when I finished all the steps and looked at the final form 1040, the FTC line 20 has no value. Also given that all my FTC was paid on dividend income, form 1116 is not required. So why does the FT that I paid not sure up as FTC? How can I see if I picked deductions or credit for the FTC section? I would like to make sure that I pick credit since it gives dollar for dollar deduction.
‎June 14, 2024
7:15 AM