I found the 2022 Turbo Tax's Form 1116 filing program operation confusing and user unfriendly. Worse than Turbo Tax's prior year's (2021 and earlier) Form 1116 preparation module. I lack confidence that the program is working properly in capturing all the dividend foreign taxes I paid for income tax reduction credit.
The new software package version seems to become lost in capturing the dividend data one enters for each country when one has multiple equities per foreign country that had taxed equity dividends and where multiple foreign countries exist. The application software asks for total income from a country rather than just the dividend income by each eligible equity. I assumed what was desired was only the dividend income excluding equity sales gains. The Turbo Tax program did not request the actual foreign tax paid by each equity which was strange. Where did it find the actual foreign tax amount needed to calculate a possible credit?
No summary page was provided by Turbo Tax after completion of all the Form 1116 data entry steps for validation purposes showing: individual applicable equity dividend income, foreign taxes paid by each equity, summarized under each country and finally totals for all foreign countries. As a result, I don't know if all my eligible taxed foreign taxed dividend opportunities were captured by Turbo Tax.
