krav
Level 2

Hi - wondering if I can tag on to this post. I feel like I am doing something wrong on the Proseries From 1116 Worksheet. My client has a long term capital gain for property sold in Canada for $187,000. Proseries is automatically adjusting the LTCG by $145,000 so that the income that qualifies for the Foreign Tax Credit is only $42,000, thus the client is only getting a tax credit for a small portion of the taxes paid to Canada. Does that sound correct? or have I hit entered something incorrectly? When I have tried to do it by hand, I am not ending up with this adjustment, so I am not sure where I am going wrong. Any help or suggestions would be great. TIA!  

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