topic How do you fill out the Adjusted basis of total investment assets field on the form 1116 worksheet? Or since it's just a worksheet should I delete it? in Business & farm

How do you fill out the Adjusted basis of total investment assets field on the form 1116 worksheet? Or since it's just a worksheet should I delete it?

dkallman — Thu, 26 Feb 2026 05:40:45 GMT

I'm stuck at the final review due to the Adjusted basis of total investment assets field on the 1116 worksheet and unsure how to proceed.

Re: How do you fill out the Adjusted basis of total investment assets field on the form 1116 worksheet? Or since it's just a worksheet should I delete it?

bbjaspan — Thu, 26 Feb 2026 11:44:08 GMT

Same problem with TurboTax desktop Premier. Surely a bug. I got the error to clear by putting a "1" in the field.

Re: How do you fill out the Adjusted basis of total investment assets field on the form 1116 work...

PatriciaV — Sun, 01 Mar 2026 17:32:58 GMT

In general, if you paid foreign taxes on income from Stocks, Bonds, Mutual funds or similar investments, the adjustment to the foreign gross income is NOT applicable. If this is your situation, enter zero to resolve the Smart Check message.

Re: How do you fill out the Adjusted basis of total investment assets field on the form 1116 work...

bbjaspan — Sun, 01 Mar 2026 18:00:06 GMT

That is the problem - Entering zero does not resolve the Smart Check message. I entered "1" and the message went away but I should not have to do that.

Re: How do you fill out the Adjusted basis of total investment assets field on the form 1116 work...

dkallman — Sun, 01 Mar 2026 21:46:02 GMT

Yes, that's what I did as well. It's just the worksheet. Seems like a bug in the software.

I tried 0 but validation blocked it. Then I found it was jut the worksheet and I confirmed turbotax doesn't submit the worksheet, so I tried to delete it. When system validation blocked deletion I entered 1, made sure it didn't recalculate anything that impacted my return, and moved on.