This year I am using the TT desktop premier version. In the previous 5 years, I've used TT online. The desktop version is giving me BIG TIME PAIN IN #$!##!!!. I've have read some of the old post dating back to 20I9 and had hope by now TT have fixed these problems for the Form 1116. Does not seem so. Can someone help me with the TT desktop version? I have tried the tricks to do each country, but it comes back to the Form where it does not allow me to edit. How to fix this problem?
I have 3 countries (Canada - divdend = $1,060, taxes paid = $160; RIC - dividend = $600, taxes paid = $250; Netherlands - dividend = $100, taxes paid = $10) to report on Form 1116.
The cursor goes to the blue and pink fields, but it does not let me do anything (edit, change, delete, backspace) in either the blue or pink field. It won't let me click CONTINUE nor does it allow me to go BACK.
Hope to hear back with some good answers. Thanks everyone.
@moymmy , are you in forms mode ? If so please use the form 1116 worksheet.
Also, if these foreign taxes have been reported on form 1099-DIV, then your total foreign taxes being under the safe harbor threshold, you should n to use form 1116 -- this is because safe harbor will result in up to safe harbor amount as FTC, while 1116 will limit to lesser of US taxes levied and actual Foreign taxes paid -- using a rastiometric allocation of US taxes. Usually this recognizes the whole amount paid but allows only a fraction of the taxes paid to another country
Is there more I can do for you ?
No. I was NOT in form mode. It would be great if I can find the 1116 worksheet. I answered the TT questions that lead me to the pop-up screen where TT say I needed to fix/enter the countries. Yet, it would NOT let me enter the info. Sorry, your answer did not help.
You can generate a Form 1116 Worksheet in the Forms mode of your return.