Message during Federal Review: Form 1116(COPY 1) - Foreign Tax Credit Comp Wks: Adj basis of tot inv Ast must be entered

I have two Form 1116 being filed.

During the Federal review process, I am getting the following message and asking me to enter value in Form 1116 , line 4 , subline b subline c.

Form 1116(COPY 1) - Foreign Tax Credit Comp Wks: Adj basis of tot inv Ast must be entered

what needs to be entered here?

362

Level 9

Apr 13, 2023 9:46:48 AM

To calculate the investment asset's adjusted basis, you take its purchase price and then add or subtract any changes to its initial recorded value. For additional info and an example, see page 18 of the F1116 instructions.

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Message during Federal Review: Form 1116(COPY 1) - Foreign Tax Credit Comp Wks: Adj basis of tot inv Ast must be entered