1116

[vekesq]

For each of three registered investment accounts paying foreign taxes, Proseries created a separate 1116.  Having more than one 1116 for the same type of income, passive, caused the return to be rejected for electronic filing.  Is there a workaround for this?  Tried to consolidate the three 1116s, but the result distorted the numbers.  Thank you!

[Terry53029]

If the amount is under $300 ($600 MFJ) just put total amount on schedule 3 line 1 (foreign taxes) no 1116 required

[sjrcpa]

There should only be one 1116 in this circumstance. I don't use ProSeries so can't help you there.

[Accountant-Man · Accepted solution]

As long as they're the same type of income, columns A, B and C of the same 1116 should work.

PS doesn't create them, you do. Double click the box on the additional dividend worksheet, use the one F1116, and the columns. 

[vekesq]

Thank you! 

After posting, I eventually re-traced my steps back to the creation of the 1116.  Consolidated the passive income items onto one form, and problem solved.

I like taxes; tech, not so much.  

I appreciate everyone's contribution.