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Level 1
April 27, 2020
Question

Tax after credits is the same amount as tax before credits even though $63 foreign tax credit is listed. Why won't it recognized the foreign tax credit amount?

  • April 27, 2020
  • 2 replies
  • 14 views
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2 replies

Just-Lisa-Now-
Intuit Community Champion
April 27, 2020

You need to look at the actual 1040 + schedules and follow the money to see why your outcome is what it is.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
itonewbie
Level 15
April 27, 2020

Where is foreign tax credit listed?  If your client is eligible for §904(j), did you make that election?

---------------------------------------------------------------------------------Still an AllStar