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Can you amend form 1040 to include form 1116 election statement

bletort
Level 1
 
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itonewbie
Level 15

There is no election statement for F.1116.  Election to claim FTC on accrual basis is made on F.1116 itself.  And no, cash basis taxpayers can't amend a prior year return to elect for accrual of FTC.

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itonewbie
Level 15

There is no election statement for F.1116.  Election to claim FTC on accrual basis is made on F.1116 itself.  And no, cash basis taxpayers can't amend a prior year return to elect for accrual of FTC.

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sjrcpa
Level 15

And the election to claim the FTC without using Form 1116 does not require a statement if that's what you mean.


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