- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@Mike414 , As I am working through your situation, a question coming up is what is your world income --- what I see is if your unexcluded income is less than the standard deduction then form 1116 may not work. Could you give me that data point, please.
Also I am in the process of confirming whether form 1116 has sufficient knowledge to recognize "general" category ( and therefore pull in your unexcluded income for FTC or does it get confused and wait for the user to enter the amount ( and then how does it verify that the entry is correct ). This is especially important if you have two 1116 --one covering general category and one using passive or Resourced by treaty.
I look forward to hearing from you
pk
‎October 2, 2024
10:09 AM