Crank Posted March 29, 2014 Report Share Posted March 29, 2014 I have a K-1 with foreign transactions in three countries but it fails to break out the amounts for each country for Form 1116. How do I go about reporting this? Any help is appreciated. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted March 29, 2014 Report Share Posted March 29, 2014 use totals, put down various or other countries . Quote Link to comment Share on other sites More sharing options...
Crank Posted March 29, 2014 Author Report Share Posted March 29, 2014 Thanks. I considered that but was concerned it would flag the return. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 29, 2014 Report Share Posted March 29, 2014 Should not be a flag, it's common to see that. That's why we have the 'Various' option. Quote Link to comment Share on other sites More sharing options...
Crank Posted March 29, 2014 Author Report Share Posted March 29, 2014 But there is no various option on that form. I had to override fields. Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted March 29, 2014 Report Share Posted March 29, 2014 This year it is called 'other country'. Sorry to see various disappear. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted March 30, 2014 Report Share Posted March 30, 2014 ATX never had various for the 1116. Don't know why. Quote Link to comment Share on other sites More sharing options...
Crank Posted March 30, 2014 Author Report Share Posted March 30, 2014 OK thanks everyone Quote Link to comment Share on other sites More sharing options...
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