Dan Posted January 21, 2016 Report Share Posted January 21, 2016 I don't know if this will be a problem with the 2015 (form 1116) but the 2014 (form 1116) did not calculate the correct amount for Part 1; 3e (gross income from all sources). What happened was that form 4797 had in part 1; 2g (gain or loss) these amounts in 1 & 2 below: 1. $31,075 gain 2. ($7,430) a minus amount When adding gross income from all sources it took the remainder of 1 minus 2 instead of the amount in 1. Has anyone had this problem and what did you do about it? Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted January 21, 2016 Report Share Posted January 21, 2016 Was this reported to ATX? Quote Link to comment Share on other sites More sharing options...
Dan Posted January 21, 2016 Author Report Share Posted January 21, 2016 Yes! I was a long time on the phone with a representative from ATX. I sent them a copy of the 2014 return but haven't heard back yet. Another tax program I worked with had the correct calculation. Quote Link to comment Share on other sites More sharing options...
Dan Posted January 21, 2016 Author Report Share Posted January 21, 2016 Part III, line 10 has the words (attach detailed computation). Does anyone have a worksheet you use for this? This is in regards to Form 1116 (Foreign Tax Credit carryover). Quote Link to comment Share on other sites More sharing options...
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