Form 1116, Line 1a, adjustment or exception
Looking for some clarification on Form 1116, Line 1a, FYI I have the TT Premier online version.
I completed the Qualified Dividends and Capital Gain Tax Worksheet in the Instructions for Form 1040 and don't have to file Schedule D.
Instructions say I must adjust the amount of my foreign source qualified dividends and capital gain distributions if Line 5 of the Qualified Dividends and Capital Gain Tax Worksheet is greater than zero & Line 23 of the Qualified Dividends and Capital Gain Tax Worksheet is less than line 24 of that worksheet. These are both true in my case.
However, instructions then go on to talk about the exception, which I do qualify for.
However when I look at Form 1116 in the Print section, the amount on Line 1a is not my foreign source qualified dividend and capital gain distribution amount per category but another number that I can't determine how it was worked out.
Any ideas please? And in the online version, is there a way I can manually edit this?
