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Darmar747
New Member

Turbo Tax is calculating a value in Line3B column A of form 1116. How is that value calculated?

 
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HelenC12
Expert Alumni

Turbo Tax is calculating a value in Line3B column A of form 1116. How is that value calculated?

This is a tax advise forum. We can't see your income tax return to let you know the details of Line 3b..

 

Per the IRS instructions for Form 1116, Line 3b, Other deductions (attach statement).

  • Enter on line 3b any other deductions that don't definitely relate to any specific type of income (for example, the deduction for alimony paid from Schedule 1 (Form 1040), line 18a).
  • Please refer to pages 15 and 16 of the instructions for additional information.

For your tax situation, you'll need to look at your supplemental schedules for a breakdown of Line 3b. They're available once you pay for TurboTax. You may also try and Preview your 1040 for any information. 

  • In most cases, taking the credit works out better than the deduction. We'll help you decide which one's best for you when you go through this section.
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