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Level 2
February 5, 2026
Question

Schedule B (Form 1116) for 2025 does not get loaded

  • February 5, 2026
  • 1 reply
  • 30 views

I am a Turbotax user for last 15 years. Previously Schedule B (Form 1116): Foreign Tax Carryover Reconciliation Schedule would automatically get populated from last year Turbotax files. In Turbotax 2025 it should import the  Carryover Reconciliation from Turbotax 2024. 

This is not happening in Tubotax 2025. Looks like an error on Turbotax.

Please help. Thank you

    1 reply

    DaveF1006
    Level 15
    February 5, 2026

    This occasionally happens for a variety of reasons and you will need to manually record the carry-back amounts back into your return.

     

    1. Go to Federal > Deductions & Credits > Estimates and Other Taxes Paid > Foreign Taxes.
    2. Work through the interview until you see the screen: "Do you have any Foreign Tax Credit Carryovers?"
    3. Select Yes.
    4. The next screen will ask for your prior year carryovers by year (2015–2024). You can manually enter the numbers from your 2024 Schedule B here.
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    Level 2
    February 8, 2026

    TurboTax recommends that their customers add all the Foreign Tax Credit Carryovers  manually. This solves the issue but problem persists as Turbotax 2025 should load the Foreign Tax Credit Carryovers   from Turbotax 2024 files