Form 1116
Vincent
Member Posts: 2 Newcomer
Where can I find form 1116 on freetax USA if I dont have a K-1 or 1099-int?
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Answers
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Hello, Vincent.
Initially, you do need to have some form of paying Foreign Taxes. Since you don't have Interest income Foreign Tax paid on a 1099-INT, you could have that box entered on a 1099-DIV. FreeTaxUSA only supports Foreign Tax Paid Credit on investment income at this time. We do not support Foreign taxes paid on earned income sources.
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How do I request that you add form 1116 for the future as a complaint/request/suggestion.
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We work to include more income and deduction items each tax year as we encounter requests like this. Please check back with us in future years to see if we support Foreign Tax paid on other items beyond Investment income.
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