Thanks for your reply Foxbat.
"Changing from the simplified option is a big deal to the IRS, as is moving back to it. So while you can elect easily in the first year to not use it, changing the election is reportedly quite a pain. "
My point is - it seems that TTax can efile without issues if I choose the "not simplified" method, without messing with the dates and changing "Various" to RIC (is that procedure actually a sound way to go ?). My original question still remains the same - are there any actual disadvantages of not choosing the "not simplified" method, apart from more paperwork - something that TTax should be handle for me anyway ? This is my first year of having to do the Form 1116 and I believe I still have this choice. Thanks again.
