- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
It is probably easier to fill in part 1 using the step by step method. For part 2, just leave the entries blank and work thru the screens to get to part 3 and complete the box 16 entries. If you want to, you can do all this in Forms Mode if you prefer.
I forgot to mention that due to a TT quirk, TT can see the k-1 inside the foreign tax credit interview only if there is tax paid. So in both K-1's, insert $1.00 into Box 16 code M. After completing the interview, bring up the f1116 wks. and in part 2 override the 1.00 with a zero.
I forgot to mention that due to a TT quirk, TT can see the k-1 inside the foreign tax credit interview only if there is tax paid. So in both K-1's, insert $1.00 into Box 16 code M. After completing the interview, bring up the f1116 wks. and in part 2 override the 1.00 with a zero.
‎June 3, 2019
12:24 PM