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I'm filling out form 1120s and I had income from freelance…

Customer Question
I'm filling out form...

I'm filling out form 1120s and I had income from freelance work this year from a company outside the US. I'm not sure what to do with Sch. K, Line 14c.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

Gross income from freelance work from all sources was 9,215. Of that, 2,423 was from a non-US source.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

All income came from performing freelance work as a software developer.

Submitted: 1 month ago.Category: Tax
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Answered in 2 minutes by:
3/15/2018
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 17,624
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

Line 14c of the K1 goes to Form 1116, Part I . In fact the 14 a an d b would as well.

If you show no tax paid to the country then there is no need to report as you will receive no credit.

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Customer reply replied 1 month ago
do I just leave 14c blank?
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

Yes you can

The credit is not available unless there was foreign tax paid.

Please let me know if you need more information.
If not then please scroll up to see the STARS to rate so I am credited.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

Did that clarify your situation?

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