topic e filing with form 1116 Foreign Tax Credit is being rejected in Get your taxes done using TurboTax

e filing with form 1116 Foreign Tax Credit is being rejected

ajbny9 — Mon, 22 Mar 2021 13:49:33 GMT

it is quite frustrating that Turbo tax has yet to fix this bug and is recommending we file paper tax return. In New York State one is obliged to e-file and can be fined if you file by paper.

As there is a large audience affected I'm hoping Turbo tax customer service sees this complaint and remedies the bug or otherwise I guess we all should ask for a refund of the fee paid to turbo tax and secondly look towards another provider for next year tax filings.

Re: e filing with form 1116 Foreign Tax Credit is being rejected

LinaJ2020 — Sat, 27 Mar 2021 02:23:01 GMT

May I know which e filing issue you are referring to?

Re: e filing with form 1116 Foreign Tax Credit is being rejected

ajbny9 — Sat, 27 Mar 2021 13:30:32 GMT

thanks for reaching out.

This is in regard to Part 2 of Form 1116, when it requests a date for taxes paid or accrued. In prior years the form accepted " Various" as my withholding from Canadian dividends is quarterly. However for it to work in 2020 I needed to put in just one date. I refilled and it was accepted .

Re: e filing with form 1116 Foreign Tax Credit is being rejected

LinaJ2020 — Mon, 29 Mar 2021 21:56:25 GMT

This issue is related to e-file rejection error "ForeignTaxesPaidOrAccruedDt". It has been submitted and is currently under investigation. If you would like to receive an update for the progress, click on the following link to get notified:

Form 1116 reject error

Per IRS, if you have paid taxes to both foreign and the US tax authorities, the IRS allows you to claim a foreign tax credit on a Form 1116 along with your US tax return. The amount will show on Schedule 3 line 1 and line 20 on Form 1040.

Re: e filing with form 1116 Foreign Tax Credit is being rejected

sam14 — Thu, 13 May 2021 00:30:28 GMT

I have been rejected on 1116 three times. Tried it several ways. Is this still a bug or is there a solution on the carryover AMT election that will prevent us ever being able to file electronically?

Re: e filing with form 1116 Foreign Tax Credit is being rejected

DaveF1006 — Thu, 13 May 2021 21:18:33 GMT

You can try to change the election choice from Simplified to other calculation. As you scroll through your foreign tax credit entries, when you reach the following screen, select other calculation to see if this will allow you to efile. This is what the screen looks like.