skal
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That is correct. I answered a similar question no and TT said I will have to fill out form 1116, which I did with the step by step guidance. Its a pretty tediou...
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Since my foreign rental income is not reported on a payee statement it seems I cannot make the election to take the credit without form 1116.If that is correct ...
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Thank you! Really appreciate the clarification.
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No management company and no 1099. After ThomasM125's answer I was going to reduce my total rental income by the amount I refunded. Did I misunderstand? Should ...
Activity Feed for skal
- Posted Re: Foreign Tax credit, Form 1116 - efile with or without form 1116 on Get your taxes done using TurboTax. January 8, 2025 6:45 PM
- Posted Re: Foreign Tax credit, Form 1116 - efile with or without form 1116 on Get your taxes done using TurboTax. January 4, 2025 6:18 PM
- Posted Foreign Tax credit, Form 1116 - efile with or without form 1116 on Get your taxes done using TurboTax. January 4, 2025 11:46 AM
- Posted Foreign Tax credit, Form 1116, was not sent with efile on Get your taxes done using TurboTax. October 28, 2024 9:22 AM
- Posted Re: Foreign Tax Credit (India) - allocating income and taxes on Deductions & credits. October 8, 2024 5:53 PM
- Cheered Re: Foreign Tax Credit (India) - allocating income and taxes for pk. October 8, 2024 5:49 PM
- Posted Foreign Tax Credit (India) - allocating income and taxes on Deductions & credits. October 7, 2024 7:12 PM
- Cheered Re: Problem entering multiple countries for foreign tax credit for 1Charlie61. March 25, 2023 3:13 PM
- Posted Re: How do I show a refund of advance rent on the tax return? I had treated initial deposit as income on prior return. Is the refund an expense or do I deduct from income? on Investors & landlords. March 19, 2023 2:09 PM
- Posted How do I show a refund of advance rent on the tax return? I had treated initial deposit as income on prior return. Is the refund an expense or do I deduct from income? on Investors & landlords. March 19, 2023 5:31 AM