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form 1116 FTC from K-1's

LRN
Level 1

I have two clients with  Partnership's K-1 indicating in box 16 A either Various or Other and some foreign source income but no foreign taxes paid.

The program keeps rejecting the file because its looking for additional information for form 1116.

0 Cheers
1 Reply 1
sjrcpa
Level 15

If they have no foreign tax paid, there's not going to be a credit. If that's the case, I would not enter/delete the foreign income coming from the K-1.


ex-AllStar