Virtual Currency

Answer the virtual currency question on Forms 1040 and 1040-SR
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Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen.
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.
Beginning in 2018 the previous federal deduction for employee business expenses reported on Form 2106 has been suspended unless the taxpayer meets certain criteria.