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Form 1116 - Duplicate Income Appearing in Part I
1
If you are seeing duplicate income listed in Part I of the Form 1116, it may mean a country has not been selected on one or more of the supporting documents. Please use the steps below to review your Form(s) 1099-INT, Form(s) 1099-DIV and/or manual input worksheet(s).

To review information from Form 1099-INT Interest Income:
  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Investment Income to expand the category and then click Interest Income (Form 1099-INT)
  3. Click Review to review a form already created 
  4. Click Quick Entry
  5. Verify a country is selected from the drop down menu in Box 7 Foreign country or U.S. possession. If more than one country applies, you may select Various.
To review information from Form 1099-DIV Dividends and Distributions:
  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Investment Income to expand the category and then click Dividend Income (Form 1099-DIV)
  3. Click Review to review a form already created 
  4. Click Quick Entry
  5. Verify a country is selected from the drop down menu in Box 8 Foreign country or U.S. possession. If more than one country applies, you may select Various.

To review information for the foreign tax credit on Form 1116:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click Other Credits to expand the category and then click Foreign tax credit
  3. Click Manual Input Worksheet
  4. Click Continue twice to reach the screen titled Foreign Tax Credit - Manually Entered Worksheets
  5. Click Review if a worksheet has previously been entered
  6. Continue to the screen titled Foreign Tax Credit - Manual Entry - Country
  7. Verify a country is selected from the drop down menu. If more than one country applies, you may select Various.
  8. Click Continue to save your changes