I've used TurboTax for years without a single issue or rejected return. e-Filed my Federal Return yesterday via TurboTax and it was rejected for a Fed Form 1116 Carryover Foreign Taxes calculation issue. Before filing I entered all information correctly using the step-by-step method and the software ran two analysis and reviews indicating all calculations are correct. I have two foreign tax credits and a single carryover from previous years which TurboTax automatically included in this year's return. I then e-filed through TurboTax.
The TurboTax rejection email directed me to reload TurboTax, download updates (which it did), recheck entries which I did and attempt to e-file again. I crosschecked applicable forms and worksheets. Nothing seems to have changed. TurboTax just recently released the Foreign Tax Credit for 2021 section of their software and may have updated it with their software update today, 18 March. I hope this corrected any issues with internal software calculations. When TurboTax tells me there is a calculation issue is it internal to their software or a potential entry error on my part which their internal software review process doesn't catch.
TurboTax email with rejection explanation below:
What happened |
|
Fed_1116_Carryover_Foreign_Taxes - There is a potential issue with the calculation of the carryover of foreign taxes. |
Any ideas on how to approach this before I try to e-file again?
