Determine Where should Tom report Tier I benefits

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Question 1: Junie Jones, is Scott's tax preparer, and explains that the foreign tax credit may be claimed in which of following ways on his tax return?

Option a) Form 1040, line 45

Option b) Form 2106

Option c) Schedule B

Option d) Schedule A "other taxes" tax year 2017

Question 2: tom is a retired railroad worker and receives both Tier I and Tier II Railroad Retirement benefits. His Tier I Railroad Retirement benefits are reported on Form RRB-1099. Where should Tom report his Tier I benefits?

Option a) They are not taxable.

Option b) Form 1040, line 16a and b, or Form 1040A, line 12a and b

Option c) Form 1040, line 21

Option d) Form 1040, line 20a and b, or Form 1040A, line 14a and b

Reference no: EM132479702

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