The total amount appears on Form 1116.
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Yes, the Gross Income from All Sources Smart Worksheet is embedded in Form 1116. You can view this in TurboTax for desktop using Forms Mode.
Click the Forms icon in the TurboTax header.
Look for Form 1116 in the left column. Click the form name to open it in the large window.
The Smart Worksheet appears after Line 3d.
This line show only the total but where can we see the detail to determine this number. According to me it is too high but I can't verify what I miss.We see only a number we don't see how to get to this number.
I have the same issue. The Gross income from all sources is high and there is no details supporting how it is calculated by turbo tax.
Hope this helps. Please like. Thanks!
Calculated Gross income from all sources:
This is total income before deductions and is the sum of:
Form 1040, line 1 plus
Form 1040, line 2b plus
Form 1040, line 3b plus
Schedule 1 (Form 1040), line 1 plus
Schedule 1 (Form 1040), line 2a plus
Schedule C, line 7 (all copies) plus
All gains reported on Schedule D minus Schedule D, line 11, Subtotal Line A(Form 4797, Gain from Part I) plus
All gains reported on Form 4797 plus
Form 1040, line 4b plus
Schedule E, line 3 total plus line 4 total plus
Schedule K-1 Worksheet - Partnerships Box 16, Code B (if it has a value); otherwise income reported on line 1, 2, OR 3 plus any amount on line 4 plus
Schedule K-1 - Partnership Additional Information page 1, Box 11 section,Code A, line 1 (if positive) and line 3 and line 4 and Code I, line 5
Schedule K-1 Worksheet - S Corporations Box 14, Code B (if it has a value); otherwise income reported on line 1, 2 or 3 plus
Schedule K-1 - S Corporation Additional Information page 1, Box 10 section, Code A, line 1 (if positive) and line 3 and line 4 and Code H, line 5
Schedule K-1 Worksheet - Estates and Trusts, Box 14 Code B : Foreign Tax Information section, line 7 (if it has a value); otherwise income reported in Part III lines 5, 6, 7 and 8 plus
Schedule F, line 11 (all copies) plus
Form 4835, line 7 ( all copies) plus
Schedule 1 (Form 1040), line 7 plus
Form 1040, line 5b plus
All positive income amounts on the Other Income Statement
How can I access /see the calculated data on Form 1116 "Gross income from all Sources" (in the box after line 3d)? Using a Mac 'right click' doesn't open data source, nor can I find the "gross income from all sources smart worksheet' using the search function in 'forms'.
The boxed Gross Income for All Sources is the Smart Worksheet.
Line A displays Line 3e, gross income from all sources:
Line 3e is your GROSS income from ALL categories of income from ALL sources, both foreign and U.S. Gross income means income without taking into account any deductions or losses. The gross income from all sources is calculated for you automatically.
The Gross Income from All Sources Smart Worksheet can be adjusted on Line B of this worksheet (positive to increase the amount or negative to decrease the amount) on the FIRST COPY OF Form 1116 ONLY.
Thanks for the detail - I guess the thing I don't understand is including Schedule E part - line 3 is Rents Received. Should it not be Line 24 (Income?).
Rent expenses are not deductions but a way to get to Income from the property. I could gross 100K but if my expenses are 110K I don't see how I have 100K in gross income.
This seems like a formula error to me unless there's some unique way that TurboTax is treating the term "Gross Income"
I have confirmed that the "Gross Income from All Sources Smart Worksheet" in the Form 1116 is erroneous.
The "Calculated gross income from all sources" field is adding the "foreign income excluded" twice in the total. To fix it, I added an adjustment of minus "Foreign Income Excluded" -- this fixed the calculation for my taxes -- but Turbotax should fix the bug.
I think this amount is high but I have no idea why and is the originally reason I bought turbo . i.e. to do this correctly for me.
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