Foreign Tax - Again1

Forum|Forum|3 years ago
March 26, 2023
1 reply
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Another year and a new problem with Foreign Tax paid.

I have a stock that was included in my 1099-DIV with foreign tax paid (more than $600)

Entered everything asked for in Easy Step. Chose credit as I don't itemize. The 1116 was created - no problem. However, I'm getting:

Explanation Statement

Form/Line: Form 1115 (Copy1)
Explanation of: Other Deduction Statement A
and wanting me to fill in a statement. I have no idea what I would put there!

TurboTax Home & Biz Windows

rogge1722

Level 10

In Forms Mode, bring up the f1116 comp worksheet. In part 3 "deductions not definitely related" there may be more than the standard deduction posted in that section. If so, TT wants to know what it is for.

marshg246Author

Level 2

There is only the Standard Deduction money filed in by TT. In the statement I wrote "Standard Deduction" which made the error go away but it's really silly so have to explain what is already explained.