Question

Form 1116

Forum|Forum|1 year ago
March 6, 2025
1 reply
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Hi,

Is there a video that specifically provides a view of the interview process to fill out Form 1116 using TurboTax? There are many, but they are for mailing in paper returns, not using software such as TT.

I tried to manually fill in form 1116 this morning by going to the "Forms" view, but it really doesn't seem very straightforward. All other data (W2 income, INT,DIV, and capital gains) has been plugged into the Desktop version of TT Home & Business already. Filing Married Jointly.

Can I assume that I do NOT need modify or fill in 1040 Form and just focus on Form 1116 at this stage and TT takes care of the rest?

Cheers!

JJ

TurboTax Home & Biz Windows

LindaS5247

Yes, you can be confident that TurboTax will ask you straightforward questions about your foreign income, determine how much of it is deductible (or available as a credit), and properly fill in all the right forms for you.

We don't have a TurboTax generated video for filling out Form 1116, but there are sites that share videos for users of TurboTax that could be helpful.

If you are using TurboTax Live, you can easily connect with a tax expert: You can do this by selecting Live help button. Select Connect with live help at the top of the chat window. Enter your tax question or tax topic area and select Continue.

Click here for "Claiming the Foreign Tax Credit with Form 1116"

Click here for "Where do I enter the foreign tax credit (Form 1116) or deduction?"

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J

juham2013Author

With regard to filling out Form 1116,

1. Enter all your foreign income in the Wages & Income section if you haven't already

The above made me hit a brick-wall. Entering foreign income and then going into 1116 actually increased my tax liability here in the U.S. and it clearly needs to be opposite, given the significant taxes I paid.

The problem is really where to properly enter the foreign income. I have spoken with 3 TT Tax Advisors already.