Foreign Tax Credit, Form 1116
Generate the Foreign Tax Credit on Schedule B for foreign-source income that would normally be taxed by both the US and the country from which the income is derived.
Other videos in this category:
Learn how to use screen RRC to calculate any available Recovery Rebate Credit (Economic Impact Payment) that the taxpayer might be entitled to on the 2020 tax return.
Calculate the qualified business income (QBI) deduction for income deriving from Schedule C. [CC]
Medical, dental, and long-term care deductions are available to people who are self-employed. [CC]