rdg75
New Member

Deductions & credits

Thx rogge1722.  Just FYI for those who follow A and you first don't see ANY amount in Line 48 of 1040 wks, and you are sure you entered the Box 7 data (i.e. Foreign Tax paid) from any 1099-DIVs ... then try this:
- go to forms and open each 1099-DIV worksheet where you are sure that you entered Box 7 data.
- if the 7a box is checked on that worksheet (which says "Check to deduct Foreign Taxes on Schedule A"), then uncheck it. Repeat -- UNCHECK it to get the credit.
- then go right underneath to 7b (on that same worksheet) and double click on the f1116 icon  .. and follow rogge1772's steps thereon.
- after each 1099-DIV worksheet is done, you can go to the 1040 wks and see line 48 increase with each DIV worksheet that you go thru with Box 7 data.