Pacun Posted April 1, 2012 Report Share Posted April 1, 2012 Client got 5K in a lump sum distribution and paid $1,250 to another country. I have filled out form 116 and nothing flows to the 1040. Any suggestions? Quote Link to comment Share on other sites More sharing options...
Dave T Posted April 2, 2012 Report Share Posted April 2, 2012 Had this happen recently on 199-DIV's that had foreign taxes paid. I too couldn't get it to flow to the 1040 until I entered the country in which the taxes were paid. On the 1099 input sheet there is a drop down box with a list of countries but since I wasn't sure what country(ies) it pertained to I selected OC - Other Country and it flowed perfectly. Perhaps there is a similar box on the 1116. Hope this helps. - Dave T Quote Link to comment Share on other sites More sharing options...
JRS Posted April 2, 2012 Report Share Posted April 2, 2012 It also flows when you choose "unknown country." It will not flow if the credit cannot be used, but goes to a carryback/carryover worksheet. Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 3, 2012 Author Report Share Posted April 3, 2012 I have entered the country which is Canada but nothing flows. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted April 3, 2012 Report Share Posted April 3, 2012 In the date paid field, enter "1099 tax" Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 3, 2012 Author Report Share Posted April 3, 2012 I will enter "1099 Tax" and see what happens. Thank you. Quote Link to comment Share on other sites More sharing options...
RitaB Posted April 3, 2012 Report Share Posted April 3, 2012 At top of Form 1116, there is a box for type of activity, I think it is. Make sure it's not blank. Quote Link to comment Share on other sites More sharing options...
OldJack Posted April 3, 2012 Report Share Posted April 3, 2012 Many times I just delete the form 1116 and the proper amount shows up on 1040 page 2. Quote Link to comment Share on other sites More sharing options...
grandmabee Posted April 3, 2012 Report Share Posted April 3, 2012 but it has to be under 300. to use that method without 1116 Quote Link to comment Share on other sites More sharing options...
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