When I do Smart Check, I get an error on Form 1116 Comp Wks, Part 1 Taxable income (loss), line 4 Interest expense, b Deductible other interest, (1) c Adjusted basis of total investment assets. I do not have any interest expense; Line 4b(1)a is ZERO. All of my foreign income is from mutual funds. TurboTax will not accept a zero here. I always have Form 1116 and never had to enter this. Is this a bug?
Just to move forward, I entered a "1". The error is cleared and all looks correct. What is this about anyway?
@bbjaspan I find your experience interesting -- blank and/or zero should have worked. I would have expected that adjusted basis of investment and total adjusted investment should be generally the same and therefore a ratio of 1.000 would be applied.
I have tried , using just updated version of windows desktop H&B, while choosing simplified method of computation and all works well/as expected. Will try the " rejecct" simplified method and see if I can duplicate your error situation.
I am glad you found a way out of your predicament
@bbjaspan Home & Business -- the highest level of desktop version and able to handle the most complex scenarios.