Each Form 1116 has a Regular and an Alternative Minimum Tax (AMT) version, tied to Form 6251. This AMT tax calculation is always run in the background to avoid taking too many credits or deductions.
As you have both General and Passive income, there are 2 Form 1116s, each with two versions. We always track foreign tax credits, and it is part of the standard tax package.
Was this Article helpful?
Let us know if you liked the post. That’s the only way we can improve.