From 1065

I do not see that Form 1116 for Foreign tax transactions is included in the Windows desktop version yet.

When will this be released for 2024 taxes?

posted

Form 1116 is not generated at the entity level. You will report the foreign taxes paid, and these will be allocated to the partners on a k-1. The partners will then claim the foreign tax credits in their own personal returns and generate their own Form 1116.

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