mhyong
Returning Member

Deductions & credits

@pk i am hoping that you can give some advice as to how to get the FTC to show up in my form 1040.  I am using TT to check against my tax accountant to see how good TT is.  All the numbers match up +\-$5 except for the FTC.  My accountant has the full FTC deducted dollar for dollar on my 1040 while the final TT 1040 has my FTC at zero even though in the interview process it confirmed the correct total FTC number as my accountant.  TT just did not carry that FTC number into my 1040 resulting in no tax credit at all.  
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. 

also I am using a desktop version of Deluxe 2023 on a Mac.