Crank Posted March 29, 2014 Report Posted March 29, 2014 I have a K-1 with foreign transactions in three countries but it fails to break out the amounts for each country for Form 1116. How do I go about reporting this? Any help is appreciated. Quote
michaelmars Posted March 29, 2014 Report Posted March 29, 2014 use totals, put down various or other countries . Quote
Crank Posted March 29, 2014 Author Report Posted March 29, 2014 Thanks. I considered that but was concerned it would flag the return. Quote
kcjenkins Posted March 29, 2014 Report Posted March 29, 2014 Should not be a flag, it's common to see that. That's why we have the 'Various' option. Quote
Crank Posted March 29, 2014 Author Report Posted March 29, 2014 But there is no various option on that form. I had to override fields. Quote
Margaret CPA in OH Posted March 29, 2014 Report Posted March 29, 2014 This year it is called 'other country'. Sorry to see various disappear. Quote
joanmcq Posted March 30, 2014 Report Posted March 30, 2014 ATX never had various for the 1116. Don't know why. Quote
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