sjrcpa
Level 15
04-08-2023
05:59 PM
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"Would it be inaccurate to just adjust the income?"
Yes
Print the 1116 and instructions and fill it out by hand. Then back in to the software. Unlike foreign tax withheld from dividends, it's tricky to get other types of income coded as foreign in the software
If the capital gain on the 1040 was taxed at -0-%, there won't be a foreign tax credit.
The more I know the more I don’t know.