pk
Level 15
Level 15

Deductions & credits

@hccheung  I saw and therefore recreated a similar situation for another user  using  Multiple RIC and two separate country.  I did almost all the entries in the step-by-step mode  and then finally went to  the form 1116 Comp wks. and saw a few issue . This is when I saw that the actual worksheets for the  1099-DIV had  no / incomplete entries for  total asset , adjustment and then adjusted basis.  Corrected these and then everything worked fine.  The part that I did not do and will do now, is whether Turbo had any screens asking for  those details -- because absent that  how does the user  know when and what to enter for these entries.   It seems  that Turbo expects the  users of form 1116 to have quite a bit of knowledge about the form 1116  ( generally would be a stretch ).  So let me create the scenario and I will come back in a few.

 

pk