F1116-002-01
IRS Explanation
Among all Forms 1116 present in the return with ‘AlternativeMinimumTaxCd’ having the value “AMT”, there must be only one Form 1116 with each one of the following checkboxes checked: ‘ForeignIncmSection951AInd’, ‘ForeignBranchIncomeInd’, ‘ForeignIncPassiveCategoryInd’, ‘ForeignIncGeneralCategoryInd’, ‘ForeignIncSection901jInd’, ‘ForeignIncResourcedTreatyInd’,
‘ForeignIncLumpSumDistribInd’.
Issue
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Solution
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