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Get your taxes done using TurboTax
The comments below relate to Turbo Tax 2020 Premiere that was downloaded to my laptop. There is an error in Turbo Tax where on Form 1116 Turbo Tax adds up the dollars in Line 8 columns Q, R, S and puts the sum in column T. Then it adds up the dollars in Q, R, S, and T and then puts the sum in column U. This causes column U to be overstated since columns Q,R, and S are already, an erroneously included in column T. Column T is not supposed to include what is already reported in columns Q,R, and S. It is "Other foreign taxes paid or accrued" as in other taxes that are not already reported in Q,R, and S. Please warn your customers about the error and fix it ASAP.
‎April 18, 2021
4:05 PM