Form 1116 (Foreign Tax Credit) FAQs (1041)

Alerts and notices

The following includes answers to common questions about Form 1116.

How can I claim a deduction for foreign taxes?

Why is Form 1116 not prepared even though information is entered on Screen 1116?

Why is foreign interest and/or dividend income doubled on Form 1116?

Why is foreign tax credit carryover not allocated to beneficiaries?

How is gross income from all sources reported on Form 1116, line 3e calculated?

Where do I enter foreign capital gains and losses?

If the estate or trust paid foreign taxes, can the estate or trust take the amount as a deduction or claim the amount as a credit?

Related topic: 1041 frequently asked questions

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