michago
May 25, 2009, 10:26 AM
Hello,
I need to fill two Forms 1116 Foreign Tax Credit, one for passive and one for general category income. When I get to line 3a, since I don't itemize deductions I need to place my standard deduction, which is 10900 for married filing jointly.
My question is, do I need to prorate this amount between the two forms 1116, or do I place that amount in both?
Thanks very much for your help!
I need to fill two Forms 1116 Foreign Tax Credit, one for passive and one for general category income. When I get to line 3a, since I don't itemize deductions I need to place my standard deduction, which is 10900 for married filing jointly.
My question is, do I need to prorate this amount between the two forms 1116, or do I place that amount in both?
Thanks very much for your help!