topic Form 1116 in Get your taxes done using TurboTax

Form 1116

bowes3883 — Sun, 28 Feb 2021 01:42:05 GMT

With the 1099-DIV section of my mutual funds (Fidelity & Vanguard), in BOX 7 (Foreign Tax Paid), there are small amounts under Foreign Tax paid (under $150). And under Foreign Country, both Fidelity & Vanguard lists "VARIOUS". Before the final e-filing step, Turbo Tax is asking me to go back & fill Form 1116 for foreign income. My 1099-DIV does not show foreign income.

How can I bypass Form 1116, so that I can complete the e-filing process?

Re: Form 1116

MayaD — Mon, 01 Mar 2021 23:51:07 GMT

You can file Form 1116 to claim the foreign tax credit if you are an individual, estate, or trust, and you paid or accrued certain foreign taxes to a foreign country or U.S.

possession.

To delete the Form 1116 from the program, follow here:

1. In the program, to your left,

2. Select Tax Tools, click on the drop down arrow

3. Select Tools

4. Under Other helpful links, choose Delete a form

5. Select Delete next to Form 1116 and Continue with My Return

Re: Form 1116

bowes3883 — Tue, 02 Mar 2021 14:24:51 GMT

Yes! A TurboTax expert called me & resolved the problem. In my particular case, the solution was to delete Form 1116.

I am very appreciative!