Foreign Tax Credit Carryover

Forum|Forum|4 years ago
February 18, 2022
8 replies
43 views

TurboTax says I can't e-file because I have a foreign tax credit carry forward on line 10 of Part III of Form 1116. I've had foreign tax credit carry forwards in prior years and e-filed. What is different about this year? Is this just because Form 1116 has not been finalized yet? I certainly don't want to file a paper return and have in processed months from now (if ever).

DaveF1006

Alumni - Intuit

Yes, this is correct. According to Turbo Tax, form 1116 won't be available until 2/25.

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Sonnyof42Author

Level 4

I'm aware of the delay for the 1116, and hopefully that is the reason. However, the message didn't say I couldn't e-file because the form wasn't available, but because I had an entry on line 10 of Part III of form 1116. I'll have to wait and see. I also have returns for friends with the same issue.