When will the foreign tax credit area be available? Trying to file my taxes, made money in Germany. trying to claim my credit but it says its not ready yet.

Forum|Forum|4 years ago
February 7, 2022
2 replies
16 views

I made money in Germany, paid German taxes, filled out the proper stuff and when it mentioned deductions or a credit I select credit and it says the area is not ready yet and then IRS is still working on finishing form 1116. I can't find an answer on google for when this is supposed to be available. I'm not interested in paying more taxes on something I already paid taxes on in another country.

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DoninGA

Level 15

Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be finalized and available in TurboTax on 02/24/2022.

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

krsbozo

Level 4

Just checked, and the latest update doesn't contain the final form. So we will wait another two weeks, and then perhaps it will be ready then? I hope so. It's tough to be ready to file for six weeks while waiting for one last form, and knowing that getting the return done early is imperative this year.