BrittanyS,
I am using the "Home and Business" desktop version. Finally, I was able to figure out how to get the same number as TurboTax for Form 1116, Line 3e as follows:
Total Income, from Form 1040, Line 9
+ Total expenses from my businesses (including "Business use of home " from Form 1040, Sch. 'C', Line 30)
+ Capital Carryover Losses (entered as a POSITIVE amount).
The Capital Carryover Losses (entered as a POSITIVE amount) is what had me confused at first. Of course, it can be more or less than these items for other returns, but this finally worked for mine.
Unfortunately, my version of TurboTax does not show how Line 3e is calculated. Instead, my version includes a so-called "Form 1116: Foreign Tax Credit -- Smart Worksheet" that does nothing more than show the amount for Line 3e. It gives no clues as how it was calculated. It is not a worksheet, nor is it smart.
