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Deductions & credits
I reviewed as you pointed out the Data Source and adjusted for the fact that TT has not updated the Data Source and Tax Guidance for Form 1116. I also compared the embedded instructions in the Form for both 2019 and the current 2020.
- The current 2020 Form 1116 Line 33 is NOT carrying over the amount from Line 24 (it is blank) in the case that " If only one category of income is used, this is the amount from line 22." ( The quoted text is verbatim from the Data Source for 2020 Form Line 33. For 2020, this Data Source should read line 24 as per the instructions for Line 24. )
- The current 2020 Form 1116 Line 35 is NOT calculating the amount of the credit per the Data Source instructions or the embedded instructions on Line 35.
How do I get Intuit to review and address the issues?
‎February 25, 2021
10:36 AM