mhyong
Returning Member

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.