turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Justice77
New Member

Form 1116 Part III line 17 is negative, but FTC still showing up on Part IV line 35

Hi,

 

So I have net loss for my foreign rental property and Form 1116 Part III line 17 is showing negative. I only have one category of foreign. income which is passive. The form says when line 17 is negative, I have no FTC available for this category of income and this aligns with I what I googled. 

However, for some reasons, line 35 is popping up even though line 27 is zero.

I think this is some kind of glitch? There should be no FTC allowed for this year for me and FTC could be carried over?

How should I fix this?

 

Thank you very much.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question