- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Foreign Tax credit - Form 1116
When running Smart Check, TT asks me to check
Form 1116 - Foreign Tax Credit Comp Wks - Paid/Accrued boxes must be entered.
It gives me these choices:
No entry
Method: Paid
Method: Accrued
The only Foreign tax I have is $6.00 for mutual fund dividend. That amount is already entered on the 1099-Div form.
I didn't have this problem last year when I had similar situation.
I'm not sure which to check. Is it the Method: paid?
Thanks
March 18, 2021
11:03 AM