rogge1722
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From the 1099-DIV Worksheet.The minimum foreign qualified dividends = 1b +7d -1a.The following procedure provides more details.Open a new spreadsheet.Column A i...
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The following is TT's special instructions for f1116 line 12 cells for reduction in foreign taxes.Lines 12a1 through 12a5:If you excluded some or all of your fo...
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There is a reason for it. Possible reasons are:Is line 18 on form 1040 greater than zero?On form 1116, are there amounts on line 14; is line 19 greater than zer...
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The U.S. UK tax treaty may allow you to treat US sourced income as foreign sourced under certain conditions. If it does, then see p.7 of Form 1116 instructions ...
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In Forms Mode, the 1099-DIV worksheet has 16 boxes plus additional info at the bottom. This is the download/CD version. This technique has been used for years. ...
Activity Feed for rogge1722
- Posted Re: "this field should be at least" error while completing form 2116 - foreign tax credit on Deductions & credits. June 25, 2023 1:40 PM
- Got Cheered for Bring up the f1116 wks. Scroll down to Part 3. Put the po.... June 25, 2023 7:51 AM
- Got Cheered for On the first K-1, use the passive category only. This mea.... May 2, 2023 3:29 PM
- Posted Re: Foreign Tax Credit doesn't work on TurboTax! on Deductions & credits. April 17, 2023 3:19 PM
- Posted Re: Foreign Tax Credit doesn't work on TurboTax! on Deductions & credits. April 17, 2023 5:22 AM
- Posted Re: Why does my foreign tax credit exceed my allowed credit? I have accrued $4682 in UK taxes (living in the UK) and TT says I have exceeded my allowed credit by that amount. on Deductions & credits. April 16, 2023 3:53 PM
- Posted Re: Form 1116 - not able to enter foreign tax paid on Deductions & credits. April 16, 2023 9:38 AM
- Posted Re: Form 1116 - not able to enter foreign tax paid on Deductions & credits. April 16, 2023 6:25 AM
- Posted Re: Form 1116 - not able to enter foreign tax paid on Deductions & credits. April 15, 2023 9:42 AM
- Posted Re: Form 1116 - not able to enter foreign tax paid on Deductions & credits. April 14, 2023 5:23 PM
- Posted Re: Message during Federal Review: Form 1116(COPY 1) - Foreign Tax Credit Comp Wks: Adj basis of tot inv Ast must be entered on Get your taxes done using TurboTax. April 13, 2023 9:46 AM
- Got Cheered for Re: Form 1116- Foreign Tax Credit - TurboTax premier is not generating the 2nd Page of the Copy 2 of Form 1116. April 13, 2023 8:59 AM
- Posted Re: Foreign tax credit carryover less than $300 with a net loss on Get your taxes done using TurboTax. April 11, 2023 5:05 AM
- Posted Re: How do you enter foreign dividends from 10 separate sources in 8 countries? on Deductions & credits. April 10, 2023 3:40 PM
- Posted Re: How do you enter foreign dividends from 10 separate sources in 8 countries? on Deductions & credits. April 10, 2023 3:20 PM
- Got Cheered for Re: Foreign Tax Credit - "Carryback" Option Missing. April 10, 2023 1:40 PM
- Posted Re: Claiming Foreigh (Income) Tax Credit does not reduce US Income Tax on Deductions & credits. April 9, 2023 9:37 AM
- Posted Re: Form 1116 - not able to enter foreign tax paid on Deductions & credits. April 9, 2023 5:20 AM
- Posted Re: Why are only the first three countries listed for my foreign taxes included in the calculation of my foreign tax credit? on Deductions & credits. April 8, 2023 5:02 PM
- Posted Re: Foreign tax credit always shows "0" on Deductions & credits. April 8, 2023 10:06 AM