Deductions & credits

The software is broken because it doesn't ask what is required to complete the form during the step-by-step process, so that an error is generated. The error is flagged but the software does not provide instructions on how to fix the error. It is very confusing and the Turbotax customer is left with making up a solution. This must be a common problem affecting many Turbotax customer. There are many mutual funds that report foreign taxes paid and for nearly everyone the best way to deal with this is to take a tax credit which requires Form 1116 if the total amount paid in foreign taxes is $300 for a single filer ($600 for married couples filing jointly).