Serbinski Accounting Firms

Thanks, Mr. Nelsona,

it gives me the bigger credit if I put:

Line 17 of 1040 into line 1a and 3d of 1116 (rent after expenses)
and
zero into line 2 of 1116
and
Line 3 of Schedule E as an addend into line 3e of 1116 (rent before expenses)

But is it correct?

Thank you very much. I have another question regarding line 3e of 1116 ( gross income from all sources). On this line 3e we must add up all the gross incomes. What is the gross rental income that must be added to this line? The income reported on line 3 of Schedule E ( rent before subtracting expens...

I live in Usa and I have rental income from overseas. I filled out Schedule E for the foreign rental income for which I pay income taxes in the foreign country. Now I wish to fill out form 1116, the foreing tax credit. 1) What should I wirite on line 1a of 1116 (gross income) ? Should I copy the amo...