Form 116 not showing credit on 1040

[Pacun]

Client got 5K in a lump sum distribution and paid $1,250 to another country. I have filled out form 116 and nothing flows to the 1040. Any suggestions?

[Dave T]

Had this happen recently on 199-DIV's that had foreign taxes paid.

I too couldn't get it to flow to the 1040 until I entered the country in which the taxes were paid. On the 1099 input sheet there is a drop down box with a list of countries but since I wasn't sure what country(ies) it pertained to I selected OC - Other Country and it flowed perfectly. Perhaps there is a similar box on the 1116.

Hope this helps.

- Dave T

[JRS]

It also flows when you choose "unknown country." It will not flow if the credit cannot be used, but goes to a carryback/carryover worksheet.

[Pacun]

I have entered the country which is Canada but nothing flows.

[Jack from Ohio]

In the date paid field, enter "1099 tax"

[Pacun]

I will enter "1099 Tax" and see what happens. Thank you.

[RitaB]

At top of Form 1116, there is a box for type of activity, I think it is. Make sure it's not blank.

[OldJack]

Many times I just delete the form 1116 and the proper amount shows up on 1040 page 2.

[grandmabee]

but it has to be under 300. to use that method without 1116