- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
(1) Did you check Box 8 (both imported name and name from dropdown menu) for each of your 1099's to make sure there are no "various" entries and that the country is marked as "RIC". Imported 1099's from numerous banks often come with either "various" or blank and you will need to change that to "RIC" (RIC assumes these are company or mutual fund dividends).
(2) Then check the Form 1116 itself to make sure no "various" slipped through.
(3) TT does not show "Various" as an error, but when you submit to the IRS the reject comes back identifying a generic "Foreign Taxes Paid or Accrued" error.
So far I and others who have made these changes were then successful in getting our returns e-filed.
‎April 2, 2021
8:52 AM