Does TT use the "Gross Income Sourced at Beneficiary Level" and/or "Gross Income Sourced at Beneficiary Level: U.S. Source Income" if married filing jointly and we both have foreign source income (passive category)?
From the Form 1116 that's generated (only 1 form is generated, I assume since both are sourced from the same foreign income category), I can see it's using our (roughly) combined adjusted gross income amount for line 3e on Form 1116. I'm mostly interested in how TT will incorporate the 2 values noted above for a single K-1 into the combined Form 1116 when married filing jointly?
For example, I can see where the "Gross Income Sourced at Beneficiary Level: Foreign Source Income" number is being combined with foreign source income that's reported on our 1099-DIV/B statements and entered into Line 1a on Form 1116, but I would like to know more specifically how the other 2 values are being incorporated into the return; are one or both part of the combined value that gets entered into Line 3e on Form 1116?
