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Have you looked at your return to see why the tax is different? AMT or limited credit, etc? Please review your exemptions, credits, and tax calculations.
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How is tax calculated for Line 16 of the 1040?
Have you looked at your return to see why the tax is different? AMT or limited credit, etc? Please review your exemptions, credits, and tax calculations.
Online,
Desktop
Switch to Forms mode
How is tax calculated for Line 16 of the 1040?
Thanks
It is showing due to Foreign Income credit exepmtion - where can I see detailed calculation/ form for same. Also I do not place to enter Foreign Tax credit
A TurboTax Tax Expert can look at your return and explain the calculations. It's not possible to tell you what your tax liability should be with only your filing status and taxable income, especially since you have a foreign earned income exclusion.
To contact TurboTax: What is the TurboTax phone number?
To claim the foreign tax credit:
For more help: Where do I enter the foreign tax credit (Form 1116) or deduction for 2020?
Thanks - it says that IRS is not ready with 'Foreign Tax Credit' form for 2021. Do you know when it will be available i TurboTax.
Form 1116-Foreign Tax Credit is expected to be available February 17. For more information on TurboTax Forms availability see the following TurboTax Hellp Article:
IRS forms availability table for TurboTax individual (personal) tax products
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