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!
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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.
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.
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