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Foreign Tax Credit Form 1116
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Over the past year I owned two Canadian oil royalty trusts which I sold in November. During that time I paid a total of $425 in taxes to Canada on the dividends. Anyone have an idea how to fill out form 1116? Looks very complicated. Or do you know of some source that has instructions for a...
Form 1116
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I have just about finished with my 2007 tax return but I'm having trouble with form 1116. I had a total of 6908.00 of foreign dividends and paid a total of 941.00 in foreign taxes. My program has a worksheet for form 1116 but it doesn't seem to want to give me the credit. I know some of the credit...
Tax software for calculating foreign tax credits on Form 1116
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Hi there. I wonder if anyone can advise me which is the best software for filling out Form 1116? I am using Turbotax 'Home and Business' and the IRS instructions together to fill mine out, but the IRS instructions are SO complicated and the Turbotax software assumes that you know a lot about...
Form 1116, foreign tax credit: Tax paid vs tax accrued, exchange rates and dates
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Hi, I'm applying for foreign tax credit on taxes I've paid / accrued on interest earned in savings accounts and certificate deposits in New Zealand. For cds, the bank statements don't give precise dates for when taxes were withheld. And so I have several questions relating to form 1116, Part II: ...
Tax Return form and Tax Status-F1 to H1B
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Hi Dear, I am Korean who grew up in Santa Cruz, Bolivia. I am Korean citizen, but I hold Bolivia residency. I came to California on February 16, 2001 under B-1 visa. After 5 weeks, I went back to Santa Cruz, Bolivia in order to get F-1 visa. Then, in June 02, 2001 I came back to California... View more questions Search
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