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Deductions & credits
Thanks LarryDean, it worked. Another word of caution when filling out the Schedule B form using the interview: Although TurboTax knows your disallowed values for prior years (from Form 2555 exclusions, etc.}, they are not carried forward to the Schedule B form and you have to enter them manually as adjustments. When you do so, you must enter them as negative numbers or the carryover values will be calculated incorrectly. Fortunately, I checked the Schedule B form in TurboTax before filing the return and discovered that the calculated carryover values were overstated by twice the disallowances. I corrected the problem by re-entering the disallowances as negative numbers. I suggest you double check the completed Schedule B form for errors before filing.