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FTC dual US/Canadian citizens form 1116

AliceL
Level 1

Clients have wages, pensions, SS from both US and Canada.  I did the 1116 Supplementary Stmt but can't find a way for those entries to flow to form 1116.  I can make the foreign income entries on 1116 but the total income seems to a field that would be calculated by ProSeries.  Any help is greatly appreciated.

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1 Comment 1
rcherenson
Level 4

If they are taxed in Canada, you may need to file a form 2555 to record the foreign earned income. The 1116 only comes into play if the income is over $108,700 and they paid foreign tax on this income, so there won't be double taxation. You link the 1116 from the 2555.

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