sjrcpa
Level 15

"Would it be inaccurate to just adjust the income?"

Yes

 

Print the 1116 and instructions and fill it out by hand. Then back in to the software. Unlike foreign tax withheld from dividends, it's tricky to get other types of income coded as foreign in the software 

If the capital gain on the 1040 was taxed at -0-%, there won't be a foreign tax credit.


Ex-AllStar