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@nchank  based  on what you have said for the form 1116 -- you have major errors.    As I see it  and for the tax year 2025 US, 1040 (a)  Interest earnings are entered just like  domestic interest -- include the bank / financial institution/ person name etc. and the amount of interest earned during 2025 ---- Note that you can ONLY use the US  tax calendar. Thus  you have to allocate the earnings if there was a change in interest  rate between the two years. (b)  For the land sale  you have to use Schedule-D --- your basis is the same as that of the donor at the time of gifting and the sales proceeds  is  Sales Price LESS any sales expenses such as commission, transfer tax etc. i.e. expenses that are attributable to sales effort/transaction.   Note the Gain shown on Schedule-D as this is foreign source income on the immovable property alienation. (c) Rental income is reported on Schedule-E.  This schedule recognizes the rental income, all US tax allowable expenses and depreciation. The net income shown on  Schedule-E is your foreign source Rental income.   Now , when you go to form 1116,   Part I, line 1a ---  label in the incomes and amounts in the comment area and then under col.A  ( Country India ) enter the total amount of foreign source income ( this is the sum mentioned above -- interest + Schedule-D net income + Schedule-E net rental income. Ignore all the rest of Part I Part II -- here enter the  allocated Indian taxes   on interest,  rents and "other" ( in your case tax on capital gain  per Indian ITR ).  Note here that TDS usage always implies a risk -- if the final figure  is different  ( i.e. when the ITR is finalized ) you have to go back and file an amended return to recognize  the new situation.  Also note that you may have to allocate the taxes  on items that  go across  calendar year.       An example : Rental income --  Jan 2022 thru  Dec 2022  @ 1000/- per month ; Jan 2023 thru Dec 2023 @ 1000 /- per month ; Jan 2024 thru Dec 2024 @ 1200/- per month.  Jan 2025 thru Dec 2025 @ 1500/- per month  For Indian purposes --  22/23 rental income is  12,000 and tax is 1200/-;    23/24  rental income --- 9000 +3600=12,600 and  tax  is 1400/-.  24/25 rental income --- 10,800 + 4500 = 15300 and tax is  1600/- This would mean that for US purposes  and  for 1116 for 2024 --- rental income -- for 2024 --- 14,400 -- taxes paid to India  -- 3 months of 2023/2024 rate  + 9 months 24/25 rate--->  350 + 1200=1550.   Now , does this make sense ? Is there more I can do for you ?   Namaste ji pk

To see how Modified Adjusted Gross Income (MAGI) is calculated for Marketplace health insurance go to this link, then scroll down a little and click the line that says "What's a modified adjusted gross income (MAGI)?"  

@umiboo , agree that because sometimes the questions are trying to cover a broad set of circumstances, they become rather abstruse for individual situation.  What I would suggest is  ( and only because I don't think the on-line versions allow "forms mode"), to download / print a copy of the form 8615 and essentially walk down as you answer  TurboTax's questions i.e. track what it is trying to fill out.  You will find the form and instructions for the form 8615 there at www.irs.gov -->  2024 Form 8615         --->  2024 Instructions for Form 8615   You will notice on the form 8615, entries 9 and 10  have check boxes to alert that certain forms  like schedule-D etc. were used on the parents' return.  Think that is all TurboTax is trying to do.   In the meantime I will try to work on the scenario on my copy of  Home & Business and look at the questions/ screens.  I have gone over the Tax Treaty between US and Croatia  ( that was not one I was familiar with and there are significant differences from many others that I am familiar with ).  My additional answers will definitely post 10/15/25.   That is the best I can do at the moment.    I will come back tomorrow ( my time  -- California ).   pk

@pinguino    I also had $1 difference and I think it's due to rounding in the calculation.   But total on column h equals to the expected reported gain based on my K-1 sale schedule.   Have you e-filed your tax yet?    It's a huge pain to file tax due to trading PTP ETF. Most people would not realize this until they receive schedule K-1 (often late, at least for me).