Correctly filling out a 1116 carry back

Jul 25, 2012 1 Replies

In an earlier post I mentioned that the IRS rejected my amended 2007 return (amended to carry back 2008 foreign tax to 2007) for the 2nd time, demanding material they already had several copies of.



I just noticed that they also asked for a correctly filled out amended 1116. I checked and found that my accountant put the sum of the original figure and the



2008 carryback on line 8, instead of putting the original on line 8 and the carryback on line 10. The method the IRS demanded seems to be both correct and clearer.

Is there any justification for my accountant's method, or is he just wrong?


Wrong. The amended 1116 for 2007 should have the taxes paid in that year on Line 8 and 9 (the values from the original 2007 return) and the amount being carried back from 2008 on Line 10.

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