It isn't. The Foreign Tax Credit Form 1116 is not available in TurboTax quite yet. That date it will be available depends on whether or not you need Schedule B of Form 1116. Schedule B (Form 1116) is used to reconcile your prior year foreign tax carryover with your current year foreign tax carryover.
Form 1116 without the Schedule B is tentatively scheduled to be finalized on 03/03. Form 1116 with Schedule B is tentatively scheduled for 03/31. If your return does not contain the Schedule B Form 1116, which is used to reconcile your prior-year foreign tax carryover with your current year foreign tax credit carryover, you should be able to e-file after 03/03. The links are to the full list of available TurboTax forms.
@Nabih
Options for avoiding double taxation
To avoid double taxation on Americans living abroad, the IRS gives them a choice:
- Deduct their foreign taxes on Schedule A, like other common deductions.
- Use Form 1116 to claim the Foreign Tax Credit (FTC) and subtract the taxes they paid to another country from whatever they owe the IRS.
- Use Form 2555 to claim the Foreign Earned-Income Exclusion (FEIE), which allows those who qualify to exclude some or all of their foreign-earned income from their U.S. taxes.
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