Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 1116 line 16

atif1040
Level 3

Anyone can advise how i can enter an amount on line 16 of form 1116 for 2018 tax year. There is an adjustment coming from 2017 return and i am amending 2018 tax return and struggling to show an amount on line 16. TIA

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
itonewbie
Level 15

Under Credits > Foreign Tax Credit (1116) > Foreign Tax Credit (1116), on the line for Adjustments to foreign source taxable income.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

3 Comments 3
itonewbie
Level 15

Just because there's an adjustment on the 2017 return doesn't necessarily mean that there should be one for 2018.  What exactly is the adjustment you're trying to make?

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers
atif1040
Level 3

It is basically an adjustment for the recapture of domestic losses from last year. 

0 Cheers
itonewbie
Level 15

Under Credits > Foreign Tax Credit (1116) > Foreign Tax Credit (1116), on the line for Adjustments to foreign source taxable income.

---------------------------------------------------------------------------------
Still an AllStar