DaveF1006
Expert Alumni

Deductions & credits

Yes, if you have the software download, you can enter this information on the form(s) itself.  Here is a step by step method of doing this. 

 

  1.  Go to the forms mode in your return
  2. If there are no Forms 1116, select open form.  
  3. Type in 1116 in the search
  4. When you see Form 1116, select Form 1116 in the drop down
  5. Now there should be a form 1116 that will appear in the right-pane of your program.
  6. Now click on an empty box (not the shaded area) in Column A that is on the Gross income line. This will produce a magnifying glass,
  7. Click in that box under Column A this will produce a Foreign Income Tax worksheet.
  8. When this appears, first check the passive category income box.
  9. Now go down to line 1G and type in from 1099's, then Go to Columns A, B, C and enter three countries in this form and report the gross income from each country.
  10. Then go to part 11 and enter the foreign taxes paid for each of the countries.
  11. If you have carryover amounts from past years you will enter those at the bottom of the form. Close this form
  12. Now repeat step 2 to generate another Form 1116. Once the form appears in the search you will want to go to the bottom to create a new copy. You can call it Form 1116 (Copy2) or just copy 2. Then select open form
  13. Once the blank 1116 is shown, repeat steps 6-11.
  14. Repeat this process until all ten countries are reported and segregated in the form 1116. You should have 4 forms reporting all ten countries.

Remember, if you do this, every time you add a form, You need to give a unique name such as copy 1, Copy 2 and so on. Let us know if this is successful.

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