how can i manually enter a passive income carryover on form 1116

[kandc-harrington]

i have an excess passive loss carryover from 2024 on form 1116 and I cannot see how to enter it in turbotax online

[ThomasM125]

If the loss is from self-employment income, you would need to update your self-employment income entries and on the screen that says Your (name of business) Business, choose the Special Situations option under Final Details. On the next screen choose the option that says I have passive activity losses carrying over form 2024. On the next screen you can enter your loss carryforward.

For a rental property, update your Property Profile on the screen that says Review your (name of rental) Rental Summary. Work through that section until you come to a screen that says Do any of These Situations apply to this Property? The last section says Carryovers, and that is where you can enter your loss carryover from the previous year.

[kandc-harrington]

Thanks but it’s not from self-employment. 

[kandc-harrington]

I found a workaround. TT online was skipping form 1116 because our foreign tax paid was less than $600 MFJ. 

I edited a 1099-DIV to have foreign taxes over $600. Then TT Online took me through the full dialog for form 1116 and I was able to enter the passive loss carryover. 
Then I edited the 1099-DIV again to correct the foreign tax paid amount. Then TT kept form 1116 with the correct foreign taxes values and the carryover. 
it would have been nice if TT had given me the option to fill out and submit form 1116 even though it wasn’t required. 

[MaxA1]

Thank you for sharing your workaround.  Alternatively, you can find the screens for Form 1116 by:

1. Going to Deductions & Credits
2. Then Estimates and Other Taxes Paid
3. And then Foreign Tax Credit
4. Work through the screens to enter information for Form 1116.

Here's a link that gives more detail on this subject:

• Where do I enter the foreign tax credit (Form 1116) or deduction?

[kandc-harrington]

Thanks. That’s the normal way. However when foreign tax paid is less than $600 MFJ, form 1116 is not required and TT Online completely skips it. 

[DianeW777]

In a test, with a carryover of a credit and none taken for 25, it is still a form that is required for filing.

If Form 1116 is there, then it was populated and will be e-filed with your return. A test was done and the form populated correctly. If you want to submit a token and we will review your entries.

First, you can print your tax return to review your forms before you file.  You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready.

• Can I print a copy of my return in TurboTax Online before filing?

If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

Here are the instructions if you would like to send a token for our review.

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools. 

1. Then select Tools below Tax Tools.
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent.
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

1. Click on Online in the top left menu of TurboTax Desktop for Windows
2. Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
   • Enter your email used for TurboTax > Enter your code > Send
3. Write down or send an image of your token number and state then place in this issue.
4. We can then review your exact scenario for a solution.
5. Please also tell us any states included in the return. This is necessary for us to view the return.
   • *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')

We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

@kandc-harrington