You'll need to sign in or create an account to connect with an expert.
The amount disallowed refers to reductions in foreign taxes and/or reduction of the credit due to international boycott operations.
The amount disallowed refers to reductions in foreign taxes and/or reduction of the credit due to international boycott operations.
"Reduction in foreign taxes" - Form 1116, Line 12.
In my situation, the "amount disallowed" entered on line 12 of form 1116 is the amount of tax that was paid on foreign income that was excluded by the Foreign Earned Income Exclusion (FEIE).
Still have questions?
Make a postDid the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.