There are 2 major bugs in Turbotax Business regarding this. 1. Not accepting RIC in the drop-down. 2. Not allowing more than 6 countries in the foreign tax credit section (may be more of an IRS issue than Turbotax's fault). I reported these issues to Turbotax support several weeks, ago, but it is still a problem. Since the efile stuff won't be ready by the March 15th filing deadline anyway, my work-around is to: 1. Put RIC into an arbitrary country (Germany). 2. Lump all 17 of my other countries into a single country (France). I'll print the return and cross them out on the K-2's and K-3's and change them to "RIC" and "Various", file the printed return, and let my partners know what I am doing. Form 1116 on the individual tax returns still accepts "RIC" and "Various" just fine. Hopefully the IRS and Turbotax will get their acts together for 2022.
