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Deductions & credits
Thank you. It didn't work but I think I found the problem.
I entered an expense on form 1041 Estates and Trusts on line 11A as a final expense.
This same amount is what appears on Form 1116 3B. When I hit the search button it takes me to a line 3B 1 Remaining Deductions from Gross Income for the exact same amount entered in form 1041.
I reviewed the deductions for my 401 K and taxable mutual funds and could not find an amount that 3b is indicating. Even if I add up the Foreign Taxes paid it doesn't come close to the amount listed on 3b,
I don't know where to go from here. Could it be a problem with the software. I'm inclined to believe it's me doing something wrong.
March 16, 2025
7:38 AM