Trust 1041 with three 1116 forms

I have a trust 1041 that has three 1116 forms because it paid foreign tax to nine different countries on its dividends. Therefore, the 1041 has to be paper-filed because TT for Business won't allow it to be e-filed with more than one 1116 form for the passive income category. Is there going to be a software update soon to fix this?

1106

Level 15

Mar 23, 2020 7:35:41 AM

Level 3

Mar 23, 2020 9:33:57 AM

Unfortunately, the investments are not mutual funds or UITs, so the RIC code doesn't apply. The tax MUST be reported separately for each country. I hope they get it fixed soon. If I can't e-file 1041 returns, I might as well use the H&R Block product for preparing 1041's. It's a lot less expensive.

Level 15

Mar 23, 2020 10:08:00 AM

Level 3

Mar 23, 2020 10:34:43 AM

I used to use the H&R Block software for 1041's. I only switched to TT so I could e-file the 1041's. I never had any problems with HRB's software itself. I just want to e-file everything. But I guess I can't anymore. Another case of one step forward, and two steps back.

Level 15

Mar 23, 2020 12:45:30 PM

Why sign in to the Community?

Trust 1041 with three 1116 forms