us00051
Returning Member

Form 1116

After a 2 week delay turbo tax finally did their fix for IRS updates to form 1116. I completed this form but then got this additional message: ' Form 1116 (Copy 1) Foreign Tax Credit Comp Wks: Total Outgoing  C/O has a value. This will require Form 1116, Schedule B, which will be available in a future product update.' So my question is: Am I really OK to now submit my taxes or do I have to wait for a Form 1116 Schedule B Turbo Tax update? If so, the Turbo Tax 'fix' for Form 1116 seems not to really be a final fix . Could a Turbo Tax expert please explain? Also I am a bit upset that I get a message that I can not submit my Federal Forms electronically because Turbo tax claims that the IRS will not accept some of these 1116 forms electronically. Should I not receive some some sort of refund because what I purchased was supposed to include a Federal free file electronically?  Please explain.