JWM
Level 3
08-09-2025
08:22 AM
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Taxpayer is reporting both excluded earned income and other ordinary income, including regular IRA distributions and other ordinary income reported to him by brokerage account on a 1099-MISC. All three have been taxed by tax authority of foreign country of residence. Proseries does not seem to allow a tax credit against the IRA distribution and 1099-MISC income, treating it all as excluded income. This seems incorrect to me. And it does not appear you can create separate 1116 general category sheets to separate these two types of general category income, either. Am I misapplying tax law here, is Pro series not processing this right, is there a practical solution? If I am correct then this is a serious error in Pro Series.
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