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Deductions & credits
We are still working to incorporate the brand new schedules that accompany Form 1116, which the IRS only completed in December. The current target date for 1116, Schedule B, is March 31. You can check on any changes to that target date here: Federal Forms Availability in TurboTax.
While some customers will not need Schedule B (for carryover reconciliation), the form will not calculate properly without it. Note that for taxpayers using Form 1116 Schedule B, this year's tax return will not be eligible for e-filing. Unfortunately, the form was not released in time to be incorporated into the e-file system for this year.
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‎February 26, 2022
12:27 PM