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user3224
Returning Member

I need to change Additional Information From 2024 Federal Tax Return. How do I edit the Detailed explanation for Form 1116 Foreign Tax Credit in this page?

My situation is similar to this issue https://ttlc.intuit.com/community/tax-credits-deductions/discussion/form-1116-requires-detailed-expl... During the TT final check of my tax forms, TT identified a final Check This Entry review item. The associated TT comment is: Form 1116 (Copy 1) -- Explanation Stm: Detailed Explanation must be completed. Enter your explanation here to complete the required statement. It must show the other deduction items for line 3B column a. I entered N/A to continue with the review since I had no idea about the value in line 3B. But now I found the correct explaination after making the payment and reviewing my forms. How do I edit the explaination now?
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2 Replies
DaveF1006
Expert Alumni

I need to change Additional Information From 2024 Federal Tax Return. How do I edit the Detailed explanation for Form 1116 Foreign Tax Credit in this page?

It depends on the version of Turbo Tax you are using. if you are using the software version of Turbo Tax, you can go to the forms mode and select Form 1116.  look for Line 3 column A and click on the entry and then a magnifying glass will appear next to it. There you can edit.

 

If using Turbo Tax Online, you must go:

 

  1.  Federal 
  2. Deductions and Credits
  3. Estimates and other Taxes
  4. Foreign Taxes

Navigate the entries until you reach a screen that says other Deductions not Definitely Related.  Here you can edit the description box. This is what the screen will look like because this is the entry that is entered on line 3 column A of Form 1116.

 

 

 

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user3224
Returning Member

I need to change Additional Information From 2024 Federal Tax Return. How do I edit the Detailed explanation for Form 1116 Foreign Tax Credit in this page?

fixed it by
1. Tax tools -> Tools -> delete form

2. Delete Form 1116 (Copy 1) -- Explanation Stmt

3. run the review again which prompts to fill in the new Explanation Stmt

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