Form 1116 requiring a Schedule B for carryover credit amounts will not be available for e-filing this year I was told by Turbo Tax. Turbo Tax planning to have form be available for paper filing after March 31st. I generally advise not to paper file if possible.
This is not tax advice but information I received from Turbo Tax. Form 1116 is not required for all amounts to take the tax credit. Very disappointing this will not be resolved to e-file this year. Carryforward amounts not taken this year should be documented for future years.
