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DavidRaz
New Member

Form 1116 Gross Income from All Sources is Wrong - Too Low

The Form 1116 Gross Income from All Sources is Wrong. It's too low by nearly half. It appears not to be including any of the "Other Income" on Schedule 1 (I understand all the lines it's supposed to be adding). In my case there is a sizable DCP number in Schedule 1 line 8t which it is not including (that alone is bigger than the number it provides). Unfortunately the line for Gross Income in Form 1116 is not editable so I can't fix it manually. How can I fix this bug in the software. I can provide the token number for my tax return access to a TurboTax agent if they want to confirm this error so it can be fixed, and in the meantime provide a work around so I can complete this.

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1 Reply
pk
Level 15
Level 15

Form 1116 Gross Income from All Sources is Wrong - Too Low

@DavidRaz , sorry but the meagre information that you have provided makes it impossible to help and we cannot see your screen.  For us we depend on your description of the issue ( even if with dummy but reasonable numbers ).  I am assuming what you are talking about is that you have large foreign pension and this is not being included in the "gross foreign source income" for purposes of form 1116.

(a) You pension is from which country  and of what type ---- Tax Treaty between US and that country may affect  tax treatment ?

(b) Where is your Tax Home --- US or in a foreign country ( Some treaties  and  taxation of pensions are controlled by tax treaty )

(c) Are you using desktop version or the on-line --- this is  in regards to working in the forms mode ?

 

Will circle back once I hear from you --yes ?

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