Form 1116 Explanation Statement Example - A form 1116 explanation statement details the foreign tax credit calculation for an individual taxpayer. Detailed explanation must be completed. You will type directly in the statement. No, turbotax won't auto populate with the statement explanation. As to what to type, a simple explanation referencing the foreign income reported elsewhere is all that is needed. Enter your explanation here to complete the required statement. Form 1116 (copy 1) explanation stm: Web 1 best answer. Web form 1116 explanation statement. It must show the other deduction items for line 3b column a. it seems strange to me that i am being asked to explain a number that.
As to what to type, a simple explanation referencing the foreign income reported elsewhere is all that is needed. Form 1116 (copy 1) explanation stm: A form 1116 explanation statement details the foreign tax credit calculation for an individual taxpayer. Web 1 best answer. Enter your explanation here to complete the required statement. You will type directly in the statement. No, turbotax won't auto populate with the statement explanation. Detailed explanation must be completed. Juan, a us citizen living in colombia, paid $5,000 in income taxes to the colombian government in 2022. It must show the other deduction items for line 3b column a. it seems strange to me that i am being asked to explain a number that. Web form 1116 explanation statement.