Screen 1118 - Total Foreign Income, Loss and Taxes Paid (1120)

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General Information

Category of income
Use this field to select the category of income for which the foreign tax credit limitation is calculated. Enter the category of income code in the field or select it from the fieldview.
note
Selecting a category of income is required before data will transfer to Form 1118.
Foreign country or US possession
Use this field to select the two-letter code for the foreign country or U.S. possession where the income is sourced. Enter the foreign country code in the field or select it from the fieldview.
Country code
This field is required when electronically filing a return and the corporation has section 901(j) income or income that is re-sourced by treaty. If you select a country code, the
Sanctioned country or name of country
field is updated based on the code selected.

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