Form 1116 Sch B, Foreign Tax Carryover Reconciliation Schedule will be available on March 17, 2022, it is not supported for e-file. It is not recommended to file an incorrect return and then do an amendment. This will slow down the process of completing your tax return when considering how backlogged the IRS is right now.
Schedule B (Form 1116) is used to reconcile your prior year foreign tax carryover with your current year foreign tax carryover. Taxpayers are therefore reporting running balances of their foreign tax carryovers showing all activity since the filing of their prior year income tax return.
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@Daffodill
[Edited: 03/07/2022 | 10:32a PST]
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