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Question - I went thru the step by step process and added my first country telling TT the dividend earned and tax paid. When I was done, I got out of the step by step and went directly to form 1116. I see the 1 country I added there, so I just manually entered the other 2 countries with the correct foreign tax and dividends earned and made sure the first country I entered showed the correct amount too. If I go back to the step by step process, it won't tell me I have a total of 3 countries - it only remembers 1, but it is on form 1116. Will this work when I file my taxes or will it mess something up?
No because the countries are on the form 1116, which is what actually gets submitted to the IRS.
“Dummie” is the correct description for how TT deals with FTC. I have paid foreign tax less than $600 (married couple) so I understand I don’t even need to file the absurd form 1116. I screwed it up last year due to TT and now there are the carryovers that make no sense.
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