Deductions & credits

FWIW -
I figured I would post a final resolution here in case other people stumble on this thread.

I removed Form 1116 (Tools->Delete Form) and was able to file and have the IRS accept the return.

 

The root cause seems to be that TurboTax defaults to populating carryover data and filing an invalid Form 1116; even when it's calculated that you don't actually have a credit.