I am trying to reconcile a variance that the program says is coming from 1040, Line 15 that transfers it over to Form 1116, Line 18. I am off and I can't find what the system is adjusting for.
Any help of where I can look for this information?
If you have capital gain, or qualified dividends then that will affect the foreign tax credit. Take a look at the 1116 worksheet to see the computation of the foreign tax credit
