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April 4, 2020
Question

I have foreign income reported via Schedule K-1. When claiming the tax credit on Form 1116, I see that TT has doubled the income. I cannot edit the field. How can I fix?

  • April 4, 2020
  • 1 reply
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1 reply

April 4, 2020

Did you also go through the foreign tax credit section?  If you have not filed, you might need to do so to verify.  Here are the steps: 

  • Open up your TurboTax account and select Pick up where you left off
  • At the right upper corner, in the search box, type in "foreign tax credit" and Enter
  • Select Jump to foreign tax credit
  • Follow prompts

@LiveComNickname

 

April 8, 2020

Thank you, LindaJ2020.

 

Yes, I had to go through those steps in order to see that TT double counted my foreign income.