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.
TT performance and the customer service representatives did a terrible job this year! I have not had great success with them in the past either.
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.
