If you did not pay any foreign taxes in 2020, you can simply remove the Form 1116 from the program. Here are the steps:
In TurboTax online,
- Sign into your account, select Please pick up where you left off
- From the left menu, select Tax Tools, click on the drop down arrow
- Select Tools
- Under Other helpful links, choose Delete a form
- Select Delete next to Form 1116 and Continue with My Return
If you have paid foreign taxes and filed Form 1116 in the past, some of the information got carried over to your 2020 program. If you did not pay any foreign taxes in 2020, you do not need to file Form 1116. Simply remove it so you can e-file.
As long as you filed a Form 1116 in the initial year when you claimed the foreign tax credit and carried forward any unused credit balance to future tax years, you do not have to file a Form 1116 every year just to do the carryforward if you do not have any foreign tax credit to claim.
@ParkNYC
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