LRN
Level 1
07-08-2020
07:36 PM
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I have two clients with Partnership's K-1 indicating in box 16 A either Various or Other and some foreign source income but no foreign taxes paid.
The program keeps rejecting the file because its looking for additional information for form 1116.
sjrcpa
Level 15
07-08-2020
08:10 PM
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If they have no foreign tax paid, there's not going to be a credit. If that's the case, I would not enter/delete the foreign income coming from the K-1.
The more I know the more I don’t know.