I updated Turbotax this morning (3/18/2021).
After the update, I try to e-file my return, and I receive the following notice:
We Won't Be Able to E-file Your Return
Here are the details:
You elected the simplified AMT Foreign Tax Credit Limitation. Print the return and file by mail.
So I can not do e-file.
Here are some of my findings, I hope it helps to resolve the problems.
Amount auto-entered by Turbotax in Form 1116 AMT: Foreign Tax Credit for AMT: Line 18 is lower than the amount in Line 15 on Form 1040.
In the form 1116 AMT line 18 instruction: Individuals: Enter the amount from line 15 of your Form 1040. or Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see instructions.
Form 6251 Part 1, line 4 has Alternative minimum taxable income amount. But it is also a different value.
I can not figure out the source of the line 18 value.
Is this the reason for my e-file rejection? maybe not?
It is worth to check it.
Anyway, Tubotax folks, please fix the problems quickly so I can e-file my return.
Thank you.
