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Get your taxes done using TurboTax
I got confirmation from office of the President, Intuit/TurboTax, that once new update comes out on 3/17/2022, we will be able to e-file our Tax Return with Foreign Tax Credit, form 1116, with Schedule B reconciliation, carryover. Let us wait until then and let us not get panic at least now. I do note that on list of forms to be released 1116 reconciliation is not supported. However, in past there was a PDF attachment with tax return, and I believe will be done same way this year.
March 7, 2022
1:32 PM