IT WORKED!!!!!
Folks, based on someone else post on how to overcome this problem, here's what I did. And it worked!
Note: I used Turbo Tax Desktop Deluxe for Windows; if you are using a different product or Mac OS, the interface may look different.
1) Fill in all the data, as if you intend to take the Tax Credit
2) Go all the way through and select e-File. Turbo Tax will bounce you and ask you to file by mail. Ignore their suggestion
3) Select "Forms" view. Scroll to Form 1116, which will show a red exclamation point next to it, indicating an error. This is the box which shows the total (for the past 10 years) Foreign Tax Credit Carryovers to 2021.
4) Open the form, scroll down to the 1st box where the number is shown in red.
Now the fix...
a) Right click that number. A pop-up will appear. Select "Override"
b) Then, in the same pop-up select "Cut".
Important - After "Cut", don't enter any value in that box.
Another blogger suggested you replace the original number with the "0". Don't do it! It doesn't work. With any value in that box (even 0), TT will force you to fill 1116 Schedule B by mail on 3/31.
5) Now scroll down to the 2nd box where you see the number in red. This is the box which shows the total (for the past 10 years) AMT Foreign Tax Credit Carryovers to 2021.
6) Repeat steps (a) and (b) above in this box
7) Select Step-by-Step at the top right
😎 Go through the e-Filing process.
9) When you run a check, you will see a pop-up that says "We found 0 area on your federal return where we'll need to review your entries. We'll handle them one at a time".
10) Don't be disappointed! Proceed to "handle" them one at a time", TT will show the same Form (1116) has an error. Ignore TT!
11) Don't change anything. Just ask TT to "Run SmartCheck" again.
12) And suddenly out of nowhere, TT moves on to the e-filing routine. Done!
The beauty of this approach is - when you view all your calculation worksheets, the cells that you "cut" show the carryover totals. Both incoming carryovers from 2020 (and earlier) and outgoing carryovers to 2022! So you have a record of what your carryovers are for your 2022 filing in 2023.
I received a confirmation screen showing my return was transmitted. Now waiting on IRS's acceptance ! Fingers crossed.
