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Get your taxes done using TurboTax
Dave,
1) When will the new Form 1116 Schedule C -Foreign Tax Redeterminations be available in 2021 Turbo Tax Premier (desktop version)?
I am required to report my 2020 foreign tax refund on the new Schedule C along with my 2021 federal filing (the year when my 2020 foreign tax redetermination occurred).
See https://www.irs.gov/forms-pubs/about-form-1116
2) Am I understanding you correctly that I will *not* be able to efile my 2021 return using Turbo Tax if I am required to file the new Sch B (and C) for Form 1116?
March 18, 2022
10:23 AM