TT will not complete the error check without me giving a non zero number here and also a non zero number for foreign investment assets . this number than seems to go into the form 1116 worksheet.
I have a simple tax return with some mutual funds that generated passive income dividends that had some foreign taxes paid
Im re-asking this question because prior answers didnt answer the question
If TT raises an issue regarding “investment interest expense” and it is not relevant, here is a work around.
investment interest expense =0
adjusted basis of investment assets generating foreign income =0
adjusted basis of total investment assets = 1
TT will divide zero by one which equals zero and that should clear the error.