jslandson
Level 1
08-27-2021
03:25 PM
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I am getting several K-1s with foreign income from all sources, 16B. I believe that the correct entry in Lacerte is to go to screen 35.1 and in the general section under Gross Income from All Sources (A) I add this amount from 16B. This also occurs when I get a 1120-S K-1 on 14B where I need to enter the information on 14B from the 1120S K1 to the individual module.
Am I doing this correct as it ends up affecting line 3e on form 1116 for the individual return.
Thank you.
Joel
Solved! Go to Solution.
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