pat
Level 5

Hi All. I am late to the Form 1116 Sch B party because the bank for whom I prepare fiduciary returns just provided the tax worksheets to me to prepare the returns. I really tried to read the instructions for the worksheet and to then transfer the info to the actual Sch B form but found the instructions incredibly confusing. Do I really have to go back through 10 years of 1041s and Forms 1116 for foreign tax credit amounts generated, used and carried forward each year, for each 2021 return that meets the criteria? Is it my imagination or are the reconciliation worksheet and the actual form very, very different? I really tried to do this today and could not follow the instructions. Is it my long covid fog or are the instructions terrible? Any help would be appreciated. 

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