I use TT Home & Business CD for a MAC. I have been tracking this subject since late February and updated TT March 3 and every time I made additions or reviewed entries to access my not yet filed return. Schedule B to Form 1116 was uploaded on March 11th. I continued to wait until March 22 when I filed my return. My return was accepted the same day. I always made a duplicate copy of my return in case my return was reject ed and I wished to forego using any of my FTC carry forward from 2020. FTC carry forwards are available for 10 years. In addition I have FTC’s from RIC’s and multiple foreign countries albeit from one category.
There was no way that I was going to mail my return with the IRS having a backlog of 20MM unprocessed returns for 2020.
In addition, I filed an amended 2019 return in early April 2021 carrying back FTC and it took the IRS until the very end of February 2022 (11 months) to send me a refund.
The FTC subject is complex. The TT interview section is not always very clear and I have had to revert to irs.gov and read the instructions to Form 1116 and Schedule B (issued by the IRS in December 2021) thereto.
Does any know how TT arrives at "Gross Income from All Sources" on the Form 1116. TT indicates it is from a Smart Sheet. I cannot find that Smart Sheet and reconcile to my AGI.
