I am using TurboTax 2021 Home & Business Desktop version for Mac.
Last week when I tried to complete Foreign Tax Credit Form 1116 I received an error message that the IRS had not yet completed the form and I should check back later.
Today I updated to Formset 2021.11607. Using EasyStep it now allows me to enter preliminary Foreign Tax Credit information to the point of selecting between a credit or deduction. When I choose the deduction option the EasyStep process stops, it defaults to the credit option, and will not complete Form 1116. I do not get an error message, just the warning “Do Not File” on the blank Form 1116.
Is this a known bug with this update?
Is TurboTax still waiting for the IRS to make Form 1116 available?
