Sky Mile
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@DaveF1006Thanks for replying. I'm taking a credit, i.e. I select the "taking a credit" when the initial options are to "take a deduction" or "take a credit"App...
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Thank you for this @rogge1722. I read this as "If you're taking the standard deduction, don't enter any expenses that you would otherwise itemize on Schedule A"...
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From what I heard from TurboTax the principle to apply is:- Treat the carryover forms as a schedule to firstly record years where you recorded a foreign tax exp...
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Yes, I spoke to TurboTax life help and they said do this: if in any year your foreign tax is zero and your utilized is non-zero, you are in fact utilizing the f...
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I have the same problem here: and for the first time - this has never flagged in prior years, just this year. The turbotax error messages are calling out the ne...
Activity Feed for Sky Mile
- Posted Re: Form 1116 - Query on "Definitely related expenses" for foreign rental property on Deductions & credits. March 27, 2025 6:24 PM
- Posted Re: Form 1116 - Query on "Definitely related expenses" for foreign rental property on Deductions & credits. March 26, 2025 6:17 PM
- Cheered Re: Form 1116 - Query on "Definitely related expenses" for foreign rental property for DavidD66. March 26, 2025 5:54 PM
- Cheered Re: Form 1116 - Query on "Definitely related expenses" for foreign rental property for rogge1722. March 26, 2025 5:54 PM
- Posted Form 1116 - Query on "Definitely related expenses" for foreign rental property on Deductions & credits. March 25, 2025 7:10 PM
- Posted Re: Foreign Tax Carryover - Greater Amount Utilized than Amount Incurred on Deductions & credits. April 14, 2022 10:38 AM
- Posted Re: Foreign Tax Carryover - Greater Amount Utilized than Amount Incurred on Deductions & credits. April 13, 2022 11:19 AM
- Posted Re: Foreign Tax Carryover - Greater Amount Utilized than Amount Incurred on Deductions & credits. March 27, 2022 12:12 PM