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Error on Form 1116

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? 

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2 Replies
pk
Level 15
Level 15

Error on Form 1116

@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

Error on Form 1116

Thanks for reply. What is "H&B"? 

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