TT asks for Line 14 codes and amounts. I have Codes B ($48) and I ($77) I entered that info, then the next page of TT asks for detail about the foreign income:
Foreign Country or U.S. Possession
Gross Income Sourced at Beneficiary Level:
" " " " " U.S. Source Income
Foreign Source Income
I'm confused about what info are they asking about which I believe is on the accompanying statements, but I don't see those word Source anywhere, so I guessed.
A few pages later, TT asks about foreign tax info in Line 14: Deductions Allocated and Apportioned at Beneficiary Level:
Interest Expense: Total
" " U.S. Source
Foreign Source
Other Deductions: Total
U.S Source
Foreign Source
The K-1 Income/Deduction Detail attached statement has:
Allocation of Deductions
Income Description
Expense Allocation Methodology
Deduction Description
and more...I won't type it all unless some how someone can help me through my confusion.
