3182368
turbotax icon
cancel
Showing results forĀ 
Search instead forĀ 
Did you mean:Ā 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Marty55
Returning Member

Form 1116 and proper sequence for each copy

In past years foreign credits from General income (such as non Gov't pension income earned in another country with non resident tax deducted) is tagged as "General" income  as is Copy 1 of form 1116. If you have a income, credit associated with a "Lump-sum payment" that becomes form 1116 Copy 2. Only then does "Passive" income from dividends, interest, etc, related to foreign income and tax deducted can be Copy # 3 of form 1116.  

 

In 2023 Turbo Tax it states I should first report Dividends, Interest and Schedule K-1 before entering the foreign tax for General and Lump-Sum income. Has Turbo tax been updated so it knows the proper order for the various Copies of form 1116? If the proper order is not maintained you got a filing error in prior years.

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.

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