I am using TurboTax Deluxe Desktop and on running a Smart Check, I see the message below. I do have Foreign Tax Credit carryovers from previous years.
Check This Entry
Form 1116 (COPY 1) -- Foreign Tax Credit Comp Wks: Total Incoming C/O has a value. This will require Form 1116, Schedule B, which will be available in a future product update.
1. What does this mean exactly?
2. When will this update be available?
3. Will I be able to e-File?
Thanks.
