Error form 116 (COPY 1) -- Foreign Tax Credit comp Wks. Qual Div and LT Cap gains should not be larger than the unadjusted gross income for this catgory.
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Error form 116 (COPY 1) -- Foreign Tax Credit comp Wks. Qual Div and LT Cap gains should not be larger than the unadjusted gross income for this catgory.
I am getting this error, with no other explanation about the cause or path to resolution.
Error form 116 (COPY 1) -- Foreign Tax Credit comp Wks. Qual Div and LT Cap gains should not be larger than the unadjusted gross income for this catgory.
Bring up form1116 worksheet. Under Part 1, see the amount in the Total for 1f. Then compare that with the amount in the Total for 1h. If 1h is greater than 1f, that is causing the error.