joanmcq Posted March 10, 2008 Report Posted March 10, 2008 Or does it? I enter the amount on the K-1 entry form, but nothing flows to the 1040. Nothing is showing up on either the 1116 or the line 51 worksheet of the 1040. I think last year I just re-entered everything on the 1116, but is there an easier way? Quote
MJG CPA Posted March 10, 2008 Report Posted March 10, 2008 You don't need Form 1116 unless credit is >$100. In these cases, use the Line 51 worksheet and check the box for Form 1040. If more than $100, you'll have to use Form 1116. Quote
joanmcq Posted March 10, 2008 Author Report Posted March 10, 2008 OK, so I have to manually enter info on 1116, I suppose? oh well, I tried. Quote
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