I used the TurboTax Business 2020 product to e-file file my C-corp return. In the section about foreign operations I answered all the questions correctly. There are no questions about whether the corporation operates a foreign branch, however on the Schedule N of form 1120, TurboTax automatically answers No to question 1a and leaves 1b blank. I understand that TurboTax does not provide the facility to complete the 8858 for a foreign branch, but it should at least:
1) ask the question about whether the corporation has a foreign branch
2) ask how many 8858 forms will be filed
3) complete Schedule N questions 1a and 1b correctly
4) notify me that I need to manually file an 8858 and how to do this (form 8453 is for individuals not corporations)
This is a serious gap in the TurboTax Business product and should be addressed urgently to avoid its customers (unknowingly) becoming non-compliant with the IRS.
