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- How do I reconcile the form 1116, Line 18, that does not match 1040, Line 15
How do I reconcile the form 1116, Line 18, that does not match 1040, Line 15
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IKF Tax
Level 1
09-08-2023
07:24 PM
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I am trying to reconcile a variance that the program says is coming from 1040, Line 15 that transfers it over to Form 1116, Line 18. I am off and I can't find what the system is adjusting for.
Any help of where I can look for this information?
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2 Comments 2
LisaH9
Level 1
Thursday
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Came here with the same question/problem.
Terry53029
Level 14
Friday
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If you have capital gain, or qualified dividends then that will affect the foreign tax credit. Take a look at the 1116 worksheet to see the computation of the foreign tax credit
