turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

For Form 1116, I'm told I need to provide a detailed explanation for Line 3B column a. Can anyone guide me on this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

For Form 1116, I'm told I need to provide a detailed explanation for Line 3B column a. Can anyone guide me on this?

Yes, as you go through the program, you find description boxes. Those boxes  throughout the 1116 can become the required statements. In addition, the program may auto generate the statement for you depending on the source.

 

Take a look at your forms and be sure to view all worksheets and statements. You will see the statement listed.  To print or view  your forms, including all worksheets:

  • In desktop, switch to Forms Mode. 
  • For online:
    1. On the left side, select  Tax Tools
    2. Select Print center
    3. Select Print, save or preview this year's return
    4. If you have not paid, select pay now.

 

The IRS Form 1116 instructions require "Line 3b.

Enter on line 3b any other deductions that don't definitely relate to any specific type of income (for example, deductions shown on Schedule 1 (Form 1040), Part II, Adjustments to Income). Attach a statement listing the separate expenses included on lines 3a and 3b."

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question