A client has pay from ENSCO for foreign. But he has only disablility and did not work last year. He got over $50,000.
Being only for disability does it go on the form 1116 or just for all income on line 7 of 1040?
He had a carryover from last year $10,351 on line 10 of the 1116.
Right now don't know what to do with it but to put all on income===is that right? When I put his wages on 1116 the foreign tax credit is $6222. He pays lots less money this way but is it right? With it all on income pays alot more.
Just want to do the right way especially only less than 2 days to go and he wants to pay and not have an extension; he is leaving for 6 months and wants to take care of this. Ha!
Thanks for any information on this that can help me put this in the right place; or he will get an extension like it or not!
Being only for disability does it go on the form 1116 or just for all income on line 7 of 1040?
He had a carryover from last year $10,351 on line 10 of the 1116.
Right now don't know what to do with it but to put all on income===is that right? When I put his wages on 1116 the foreign tax credit is $6222. He pays lots less money this way but is it right? With it all on income pays alot more.
Just want to do the right way especially only less than 2 days to go and he wants to pay and not have an extension; he is leaving for 6 months and wants to take care of this. Ha!
Thanks for any information on this that can help me put this in the right place; or he will get an extension like it or not!