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sidestick
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Form 1116 Unable to enter data

I am a US citizen and sold a Canadian summer recreational home, it was not a primary residence. The property was inherited in 1997 and sold in 2023. No 1099-B or 1099-S was provided. I have entered the Long-term sale data (Description, date sold, long term, proceeds, cost basis, gain/loss) in the Wages & Income/Investment Income section which is reflects my gain on Schedule D, Part II (Long Term Capital Gains and Losses.

 

When I go to Deductions & Credits/Estimates and Other Taxes Paid/Foreign Taxes and click "Start", I answer YES to the question "Did you pay foreign taxes in 2023..." The "Before We Begin" page opens and eventually directs me to go back to the Wages & Income category to report "Foreign Income and Taxes paid on interest, etc."

 

Where do I report the taxes paid in the Wages & Income/Investment Income (Schedule D) section so I can complete the Foreign Taxes paid section to eventually fill out a Form 1116?

 

Thanks

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1 Reply
DaveF1006
Expert Alumni

Form 1116 Unable to enter data

To accurately to why Turbo Tax is asking you this  we would like to see a diagnostic copy of your return. The information in this file is a sanitized copy meaning there is no personal information, only numbers so that we can troubleshoot and to see how certain items are applied.  Here is how to order. 

 

For Turbo Tax online, go to tax tools>tools>share my file with agent.  When this is selected, you will receive a token number.  Respond back in this thread and tell us what that token number is. 

 

If you use the desktop version, go to the black stripe at the top of the program>online>send tax file to agent. Once you receive the token number, reply back in this thread and let us know what that token number is.

 

Also, please let me know if you are using the Online or Software version of Turbo Tax.


 

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