mrwa11eye
New Member

Computing the FTC with Form 1116 ... Line 18

I have a capital gain so from line 18 of 1116 it says to use the worksheet for Line 18.  The instructions below this worksheet tell you what numbers to enter on Line 6, 8, 10.  Do I just enter the appropriate numbers on the line as taken from the capital gain worksheet OR do I need to take this number and multiply it by the various % they say to multiply by ... and then that number is entered on the line.

ie... Line 8 is $20000.  Do I enter 20000 on line 8 OR do I enter the value derived from 20000 X 15%?

any help appreciated