This Post is for ONLINE USERS only, this bug is different for other versions and they have a “Forms” capability to correct which is not available online. . I have struggled through the same problem you have been having. I’ve tried all of the advice given on this thread, multiple times. I finally got rid that error message and was able to generate a correct tax form. I did so many things I’m not sure what follows will work for you since my journey went down many paths.
First - I tried to recreate my steps but since I already filed my return (witch includes a correct 1116) . I am not able to go back recreate my steps since i already filed. So the following is from my memory, hope you are able to follow.
. To figure out if you have the same issue.
1. Open your return and get to the “1116 Form missing “ error.
2. Select tools, on the left of your screen.
3. Select the option that lets you “view/print” your return.
4. You should see form 1116 with nothing filled .
To get rid of the “bad” form 1116
- Open (continue) your return in TurboTax
- Make sure you've already entered all your foreign income. If you still need to enter it, do that now.
- Select Search and search for foreign tax credit. Select the Jump to link in the search results
- When you reach the screen Do you want the deduction or the credit? Select the option for “deduction”.
- Continue the TT sequenced steps until you get to checking point.
- This should get rid of the bad 1116 form, do the print thing again if you want to check.
- So now you have a deduction for Foreign taxes paid, which is not the best option for most people.
To get a good form 1116
- Open (continue) your return in TurboTax
- Make sure you've already entered all your foreign income. If you still need to enter it, do that now.
- Select Search and search for foreign tax credit. Select the Jump to link in the search results
- When you reach the screen Select the “Credit” option
- Follow through the steps in the sequence presented to you
Hope this works for you!
