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Deductions & credits
How do I get TT to generate form 1116? Since you mentioned that 1099div summary does not state the foreign income but only foreign tax paid, I will have to page through the details to get the total foreign income I received and go to “wages&otherincome” tab to key in these foreign income?
I have about $29,811 foreign dividend income and about $1532 of foreign tax paid. So I will have to include form 1116. So by inputting a separate foreign income in the “wage and other income” tab will trigger TT to generate form 1116 for me? Sorry if my questions sound rudimentary.
June 14, 2024
12:37 PM