turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

Form 8938 part 3 are credits 1116 tax credits?

Hi

I’ve searched and cannot find the answer. Does anyone know if “credits” referred to in part 3 summary are tax credits taken on form 1116 and if so, what form/ line and schedule / line do I put down? Thanks!! 

Connect with an expert
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.

1 Best answer

Accepted Solutions
SusanY1
Expert Alumni

Form 8938 part 3 are credits 1116 tax credits?

Yes, those would be credits from Form 1116 and "Form 1116" would be a sufficient answer.  If you know which column (it will be "column a" if you only have credits from one country) you could add that, and you could add the line number if you find it but "Form 1116" will let the IRS know what type of credit you are referencing.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
SusanY1
Expert Alumni

Form 8938 part 3 are credits 1116 tax credits?

Yes, those would be credits from Form 1116 and "Form 1116" would be a sufficient answer.  If you know which column (it will be "column a" if you only have credits from one country) you could add that, and you could add the line number if you find it but "Form 1116" will let the IRS know what type of credit you are referencing.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies