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Investing - Theory, News & General • FTC and 1116: How to do it with TurboTax

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Line 9 of 1040 says 'total income' where does it show that 'total income' you keep talking about in the forms?

So that $1000 (the tax you give to the state based on foreign income) goes to line 2 in 1116? This effectively decreases foreign income in 1116, getting you a lower FTC. In which form instructions does it say you have to do that? It seems weird.

Statistics: Posted by international001 — Fri May 17, 2024 11:38 pm — Replies 44 — Views 4411



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