PDA

View Full Version : Form 1116, foreign tax credit, prorate standard deduction?


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!

MukatA
May 25, 2009, 11:47 PM
Use a tax software.

Five Rings
May 29, 2009, 02:18 PM
You place the amount in both

Seckst119
Mar 19, 2011, 09:32 AM
I have only passive foreign income of 4377. How much is the standard deduction?

MukatA
Mar 22, 2011, 03:20 AM
On form 1040, you standard deduction does not change.