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- Form 1116 HTKO - how do we enter HTKO data without having to resort to overrides on Line 6 in the Form 1116 Passive and General Category HTKO columns?
Form 1116 HTKO - how do we enter HTKO data without having to resort to overrides on Line 6 in the Form 1116 Passive and General Category HTKO columns?
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Rob-W
Level 1
09-19-2022
02:55 PM
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Colleagues,
On Form 1116, Passive Category, how do we enter HTKO data without having to resort to an override on line 6 in the HTKO column? The line 6 amount in the HTKO column should equal the negative of the sum of the amounts on line 6 for the other columns.
ProSeries does not enter the correct negative amount on line 6 in the HTKO column on the Passive Category Form 1116, so we have to override it in order to force the line 6 amount in the Total column to be zero.
Then on the General Category Form 1116, we also have to override the line 6 amount in the HTKO column to equal the amount on the Passive Category HTKO column line 6, except that that amount is a positive number on line 6 of the General Category Form 1116.
We've overridden the HTKO column line 6 amounts for years, hoping that one day ProSeries would fix this issue. Maybe they have, and, if so, can you point us to the fix?
Kind regards, Rob in Austin
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