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Deductions & credits
Possibly. The foreign tax credit section is not final in TurboTax. The expected date is March 3. Form 1116 Schedule B is a brand new form for 2021.
Schedule B is used to "reconcile your prior year foreign tax carryover with your current year foreign tax carryover. Taxpayers are therefore reporting running balances of their foreign tax carryovers showing all activity since the filing of their prior year income tax return."
For the latest update see IRS forms availability table for TurboTax individual (personal) tax products.
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‎February 19, 2022
4:49 PM