1041-US: Calculating gross income from all sources reported on Form 1116, line 3e (FAQ)

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Question

How does UltraTax CS calculate gross income from all sources reported on Form 1116, line 3e?

Answer

Gross income is all income received in the form of money, property, and services that is not exempt from tax. Gross income is the total income received before allowable deductions. UltraTax CS prints a statement that details how the gross income for Form 1116, line 3e is calculated. The following is included as gross income.

Related topic: 1041-US: Form 1116 FAQs

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