As of Feb 21 2024. For my 2023 taxes I am being asked to fill out a form 1116 explanation. Is this not yet supported for 2023? The explanation form does not seem to be populated at all. I am paying AMT this year in case that matters. Thanks
But what exactly am I supposed type into this form? Is Turbo Tax not supposed to populate it with information?
Thanks
No, TurboTax won't auto populate with the statement explanation. You will type directly in the statement. As to what to type, a simple explanation referencing the foreign income reported elsewhere is all that is needed. You could reference the Form that the income was reported on for example.
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