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Investors & landlords
This starts with Form 4952 “Investment Interest Expense Deduction”. The amount in line 8 is transferred to Schedule A line 9. A copy is then sent to the f1116 worksheet 4(b)(1)(a). The screenshot data is from the example in the f1116 instructions on p.16 for a stock portfolio. Bring up the f1116 worksheet. What do you see? Is there an entry in (a)? If so then you would insert the amounts in (b) and (c) , then TT completes the rest.
March 26, 2021
10:28 AM