Kathy P
Level 2
06-06-2022
01:46 PM
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The IRS instructions state that you can elect not to file the Form 1116 if your foreign tax credit is less than $300 for a single person and $600 for married filing joint. Why is the software not allowing us to make that election and we're required to file the Form 1116? I have used ProSystem fx software for years and they have a box to choose to make that election. Then you just enter in the amount for the foreign tax credit and it won't produce the Form 1116. We need this ability in ProSeries Professional.
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