vekesq
Level 2
‎10-08-2020 12:50 PM

For each of three registered investment accounts paying foreign taxes, Proseries created a separate 1116.  Having more than one 1116 for the same type of income, passive, caused the return to be rejected for electronic filing.  Is there a workaround for this?  Tried to consolidate the three 1116s, but the result distorted the numbers.  Thank you!

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Terry53029
Level 15
Level 15
‎10-08-2020 02:01 PM

If the amount is under $300 ($600 MFJ) just put total amount on schedule 3 line 1 (foreign taxes) no 1116 required

sjrcpa
Level 15
‎10-08-2020 04:08 PM

There should only be one 1116 in this circumstance. I don't use ProSeries so can't help you there.


The more I know the more I don’t know.
Accountant-Man
Level 13
‎10-08-2020 05:42 PM

As long as they're the same type of income, columns A, B and C of the same 1116 should work.

PS doesn't create them, you do. Double click the box on the additional dividend worksheet, use the one F1116, and the columns. 

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vekesq
Level 2
‎10-09-2020 10:29 AM

Thank you! 

After posting, I eventually re-traced my steps back to the creation of the 1116.  Consolidated the passive income items onto one form, and problem solved.

I like taxes; tech, not so much.  

I appreciate everyone's contribution.