Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Practice Advice
- :
- form 1116 FTC from K-1's
form 1116 FTC from K-1's
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
LRN
Level 1
07-08-2020
07:36 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
07-08-2020
08:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
