All
There are two separate issues being raised on this thread as far as I can see.
(1) My (and many others) situation where if all the following are true your efiling will fail with the message on the subject line of this thread. If anyone has the following and has had their return accepted it would be great to know but I cannot see that anywhere in the thread to date.
- you have foreign income and have entered 12/31/2020 to the relevant date question leading to a Form 1116 being generated; AND
- you are subject to the AMT calculations; AND
- you elect to use the simplified method for AMT (which you are advised not to change without IRS agreement if you have previously used this method)
In this situation, as in previous years the 12/31/2020 date is put into column A of the standard Form 1116 and there is no date in column A of the AMT version of Form 1116 which is also part of the IRS return.
It has been suggested that the problem is that the IRS now check for that date on the AMT form but if you use on-line Turbotax you cannot enter this manually. I also have not heard anyone confirm that making only this change (presumably using a locally installed version of Turbotax) does in fact work and enables a successful e-filing.
What does appear to work is changing from the simplified method for AMT but I (and some others on the the thread) do not want to do this because of the Turbotax advice as above. My current plan is to hope Turbotax fix this before filing date and if not send the return in by mail (sigh).
(2) Others have had what appears to be a completely different problem relating to the use of "Various" for dates for Form 1116 including for dividends. This is apparently fixed by changing the date to 12/31/2020. However, this is NOT the same issue as the one described above relating to the AMT Form 1116. It would be better if this was on a separate thread. Unfortunately the Turbotax "issue has been submitted" message referred to in this thread talks about this case (2) and not the situation that many of us find ourselves in which is described above.
If anyone from Turbotax is reading this I hope this clarification helps and that someone can confirm that issue (1) above is also being worked on and can give some estimate as to when it will be fixed.
