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Form 1116, Foreign Tax Credit
I have an error on Form 1116 - Foreign Tax Credit. "Foreign Tax Credit Comp Wks: Total Outgoing C/O has a value. This will require Form 1116, Schedule B, which will be available in a future product update" I have tried various things to correct the error including reducing my $817 FTC to $600, electing to use the Simplified Foreign Tax Credit Limitation and not using it. Any idea when the product update is coming or a possible work-around? In 2020 I had $541 of FTC and no Form 1116 was needed and no carryover. Same for 2019. Any ideas?
March 8, 2022
6:17 PM