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Level 4
December 7, 2019
Solved

How do i enter a nominal amount of foreign tax paid without filling out a form 1116 with proseries professional?

  • December 7, 2019
  • 2 replies
  • 28 views

With other packages we enter a small amount of foreign tax paid in the dividend worksheet.  It does not seem possible with Proseries Professional.   Am I missing something?   I should not have to fill out a Form 1116 for $5 of foreign tax paid.

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Best answer by TAXOH

Go to schedule 3 line 48 and type it in 

2 replies

TAXOH
TAXOHAnswer
Level 10
December 7, 2019

Go to schedule 3 line 48 and type it in 

Level 4
December 7, 2019

If it is from dividends or interest, double click the entry of dividends on schedule B go to the bottom of the work sheet "foreign tax paid" and click to report the tax on schedule A.  It will flow through to Schedule A line 6