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Level 1
June 21, 2020
Question

linkage to Form 1116

  • June 21, 2020
  • 1 reply
  • 20 views

The pgm is not allowing me to link (via dbl click) 2 separate passive foreign tax paid amounts to the same 1116, but because they're both from investment accounts, shouldn't I be able to link to the same 1116?

Thank you!

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1 reply

itonewbie
Level 15
June 22, 2020

Did you check whether the credit was allowed on the return without F.1116 because your client is eligible for 904(j) election?

If your client does not qualify, read these articles for detailed instructions:

https://proconnect.intuit.com/community/form-1040/help/form-1040-entering-foreign-taxes-paid-on-dividends/00/4292

https://proconnect.intuit.com/community/help-articles/help/entering-income-for-the-foreign-tax-credit-form-1116/00/3994

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