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ProSeries is taking my foreign tax paid as both a credit and a deduction on Schedule A. Anybody know how to remedy this??

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Level 1
 
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Level 15

Sounds like you might have entered the credit in two different places. 

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 15

Sounds like you might have entered the credit in two different places. 

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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Level 1
No I've not - I used the Form 1116 data entry pages for all of the foreign taxes and foreign income info generated on a K-1.  23 different countries reported in columns A, B and C of 8 Form 1116 worksheets.
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Level 15
Level 15
Doesn't the K-1 worksheet automatically transfer it one place or the other?  or did you skip it as a K-1 entry and just enter it manually?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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thank you for replying!  I figured out the issue.  I entered the totals info from K-1 boxes 14 B, C and L.  I then had to use the Form 1116 entry due to the multitude of countries I had to report.  It was the entry on the K-1 box L that caused the error.  Thanks!
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Level 15
So you entered it in two different places.  Thank god for that not helpful button!
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 7
Yep that not helpful button is really a positive item. GIGO?
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Level 15
Just got to :heartbeat: that not helpful :radio_button::heartbeat: :radio_button:
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Still an AllStar
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