What is reported on Form 1116 that flows into schedule 3? Select one: a. Premium tax credit b. Credit for Federal tax on fuels c. Self-Employment Tax d. Foreign Tax Credit

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David Corral · Answer 1 · 2023-04-27T19:02:02+0000

File Form 1116 to claim the foreign tax credit if you are an individual, estate, or trust, and you paid or accrued certain foreign taxes to a foreign country or U.S. possession.

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What is reported on Form 1116 that flows into schedule 3? Select one: a. Premium tax credit b. Credit for Federal tax on fuels c. Self-Employment Tax d. Foreign Tax Credit

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