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Level 3
October 8, 2020
Question

Entering foreign tax information flowing from a partnership to a trust return

  • October 8, 2020
  • 1 reply
  • 6 views
The trust has interest in partnerships that report foreign information.  There is no where on screen 25 (K-1 entry) to enter foreign tax information and the data entry lines on Screen 36 (Foreign taxes) don't correspond to the information provide on Line 15 of the partnership K-1.
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1 reply

itonewbie
Level 15
October 9, 2020

For certain types of income, you can use the input screens for the respective types of income to enter the amount(s) and sourcing rather than relying on the K-1 input screens.  Otherwise, you can enter the details of the foreign tax as well as sourcing for income and deductions on Screen 36.

---------------------------------------------------------------------------------Still an AllStar