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Form 1116- Foreign tax credit comp wks: Paid/Accured Boxes

I am getting this error when did the smart check:

 

Form 1116- Foreign tax credit comp wks: Paid/Accrued Boxes must be entered:

 

Form1116.JPG

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1 Reply
MarilynG
Expert Alumni

Form 1116- Foreign tax credit comp wks: Paid/Accured Boxes

Choose 'Paid'.  Accrued would only apply if you count income when it is earned, not when it is received.  Most people report income/taxes when they are paid.

 

If you clarify what type of Foreign Income and Foreign Tax you are reporting, we'll give more specific help.  I don't see any income on the screenshot you posted. 

 

This link has info on How to Claim a Foreign Tax Credit

 

 

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