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Level 1
May 9, 2026
Question

Form 1116

  • May 9, 2026
  • 1 reply
  • 7 views

I am working on Form 1116, Foreign Tax Credit.  I don't see any problem with my work but who knows.

I get to Part IV and the instructions say add line 33 to line 34 and the answer is the credit.  However, the numbers are 1000 +0 and it equals 3011.  

I have updated the software and there was no change.  What to do next?  Any ideas?

1 reply

Moderator
May 11, 2026

Hi @sbgcpa The next best step would be to contact ProSeries Support, as they can remote in and take a closer look.

Taxprohere
Level 7
May 12, 2026

Do you have more than one category of foreign tax credit, say passive and general category?  One of the forms will have the summary total.