Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Foreign tax credit in USD from a K-1 entered to Form 1116 wants a currency conversion. Why?
Foreign tax credit in USD from a K-1 entered to Form 1116 wants a currency conversion. Why?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
prkwork
Level 4
05-30-2023
08:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A partnership K-1 reports (line 21) foreign taxes paid. Entering that to Form 1116 screen in the USD area as "Other Foreign Taxes" generates a fatal error, requiring a conversion rate. Why? Should the entry go elsewhere?
Labels
2 Comments 2
prkwork
Level 4
05-31-2023
02:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The Help Desk called this a bug. Does anyone disagree and have a better answer?
prkwork
Level 4
05-31-2023
02:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Moreover, entering a conversion rate (1.0000) does not resolve the fatal error.
