1040-US: Calculation of Form 1116, line 3e

Alerts and notices


How does the tax application calculate gross income from all sources reported on Form 1116, line 3e?


Gross income is all income received in the form of money, property, and services that is not exempt from tax. It is the total income received before allowable deductions. For a business, gross income is total receipts minus cost of goods sold.

A not required statement prints that details how the gross income for Form 1116, line 3e, is calculated. The following is included as gross income.

Related topic: Foreign tax credits and earned income FAQs (1040)

Share This