Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
purple4sure05
Level 1

Form 1116 never prompts me to enter my foreign tax paid

I worked overseas for almost a full year, but just under 330 days. Because of this, I have to file form 1116 to receive a deduction for my foreign taxes paid, rather than the foreign earned income exclusion. However, when I go through the process for form 1116 on TT, it never allows me to enter my foreign taxes paid anywhere. There are no prompts that allow me to do so. How do  I fix this so that I can include my foreign taxes paid? Also, if I paid more in taxes overseas than I would have in the US, should I still owe taxes to the US? Thank you.

1 Best answer

Accepted Solutions
rogge1722
Level 9

Form 1116 never prompts me to enter my foreign tax paid

We go through the FTC interview screen by screen up to the point of entering Foreign taxes paid.
To ensure a clean start, make sure any existing Form 1116’s are deleted. We show the header, then the response.

1. Foreign tax credit
           Yes
2. Before we begin
         Yes
3. Foreign taxes
           Continue
4. Tell us about your foreign taxes
            Check the applicable entry, then Continue.
5. Foreign taxes
          Continue
6. Do you want a deduction or credit?
        Take a credit
7. Reporting foreign taxes paid.
           Continue
8. No other income or expenses
        No
9. Completing forms 1116
        Continue
10. Foreign tax credit worksheet
        Continue
11. Choose the income type
          General
12. Country summary.
          Add a country.
13. Country Name
         Select the country
14. Other gross income- country
          Enter the amount even though reported elsewhere.
          Continue
15. Definitely related expenses-country
          Enter applicable data then Continue.
16. Foreign losses
         Enter applicable amount then Continue
17. Foreign taxes paid –country
         Enter the data then Continue.
18. Country summary
         Done.
Continue working through the remaining screens until finished.

View solution in original post

1 Reply
rogge1722
Level 9

Form 1116 never prompts me to enter my foreign tax paid

We go through the FTC interview screen by screen up to the point of entering Foreign taxes paid.
To ensure a clean start, make sure any existing Form 1116’s are deleted. We show the header, then the response.

1. Foreign tax credit
           Yes
2. Before we begin
         Yes
3. Foreign taxes
           Continue
4. Tell us about your foreign taxes
            Check the applicable entry, then Continue.
5. Foreign taxes
          Continue
6. Do you want a deduction or credit?
        Take a credit
7. Reporting foreign taxes paid.
           Continue
8. No other income or expenses
        No
9. Completing forms 1116
        Continue
10. Foreign tax credit worksheet
        Continue
11. Choose the income type
          General
12. Country summary.
          Add a country.
13. Country Name
         Select the country
14. Other gross income- country
          Enter the amount even though reported elsewhere.
          Continue
15. Definitely related expenses-country
          Enter applicable data then Continue.
16. Foreign losses
         Enter applicable amount then Continue
17. Foreign taxes paid –country
         Enter the data then Continue.
18. Country summary
         Done.
Continue working through the remaining screens until finished.

Dynamic AdsDynamic Ads
Privacy Settings
v