topic I have a similar situation (using method A) with TT reque... in Deductions & credits

topic I have a similar situation (using method A) with TT reque... in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600 I have a similar situation (using method A) with TT requesting me to choose column A, B, or C.  I selected column A and it "seemed" to also clear the error.  I'll be following this discussion to make sure that approach is correct and won't cause any problems with my filing. Fri, 07 Jun 2019 23:37:43 GMT fe0660 2019-06-07T23:37:43Z Cannot clear form 1116 foreign tax credit error message https://ttlc.intuit.com/community/tax-credits-deductions/discussion/cannot-clear-form-1116-foreign-tax-credit-error-message/01/788878#M102594 Using Premier for 2018 taxes. Form 1099-DIV, downloaded, had $2.38 in foreign tax paid. An error message comes up in review suggesting I need to do something to trigger form 1116. I've tried for a few hours but nothing works. I even went back to the step by step to guide through, but nothing works and the error keeps coming up. I've been ready to file but hate to do so with an error that can't be fixed. Here's what comes up:"Check This Entry. Schedule B form 1099-DIV Foreign Tax Sch A box or Form 1116 copy should be entered. Return to the place where this was entered to correct the entry."I downloaded the form. Not sure what else to try to correct??? Fri, 07 Jun 2019 23:37:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/cannot-clear-form-1116-foreign-tax-credit-error-message/01/788878#M102594 art555 2019-06-07T23:37:36Z This is a software error and here is the workaround. If y... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/this-is-a-software-error-and-here-is-the-workaround-if-y/01/788891#M102595 This is a software error and here is the workaround. If you are using the desktop version, use “A”; if using the on-line version, use  “B” (A) Bring up Form 1040 Wks. and make sure the credit is posted on line 48. If it is then bring up the 1099-DIV Worksheet.  In Box 7, double click on the f1116 icon. Another box will appear. You will see the phrase “Form 1116 (COPY 1)”.  Click on that and it will be highlighted.  Then click on the “LINK” button. That box will disappear and you will see the phrase “COPY 1” inside the f1116 icon. Then recheck Form 1040 Wks. and make sure the credit is still posted on line 48. If so, the error is cleared, no f1116 will be generated and you are done. (B) It is assumed you are using the exemption and the credit is posted on line 48 of the 1040 Wks.  Go to the Foreign Tax Credit interview.  We will be going into the interview just far enough so TT will Link to COPY 1 of a f1116 although no f1116 will actually be generated.  Here are the headers and the responses. 1. Foreign Tax Credit              Continue 2. Tell Us About Your Foreign Taxes              Check the “None of these apply.”               Make sure the other 2 are blank.                Continue 3. Foreign Taxes                 Continue 4. Do You Want the Deduction or the Credit?                Take a Credit. 5. Reporting Foreign Taxes Paid                  Continue 6. Where Did You Receive Dividend Income From?                 If already selected, Continue, otherwise select any one. It doesn’t matter as it is not needed. 7.  Income From Foreign Countries               “Report Income.” 8. Report Foreign Tax Paid to XXXX.              Check under “Select”.              Continue. 9. Foreign Source Income              If there is an entry, ignore it otherwise type in any arbitrary amount. It is only a filler and not needed.               Continue. 10. Reporting Foreign Taxes Paid.              At this point, TT should have inserted the Link and cleared the error without generating a f1116. We want to     vacate the interview now, so I suggest selecting “Smart Check” to see if the error is cleared.  If so, verify the     credit is still on line 48 of the 1040 Wks. and you are done.                       Fri, 07 Jun 2019 23:37:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/this-is-a-software-error-and-here-is-the-workaround-if-y/01/788891#M102595 rogge1722 2019-06-07T23:37:37Z I had the same problem with 4 foreign tax credit error me... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-the-same-problem-with-4-foreign-tax-credit-error-me/01/788900#M102596 I had the same problem with 4 foreign tax credit error messages.  Your fix was very helpful in clearing 3 of the 4 errors.  On the fourth I was asked to choose column A, B, or C.  Since I haven't filled out the form I don't know which to choose.  Box 8 is also highlighted in pink on the form asking which country the tax was paid to (that would be Canada).  If you have any suggestions, I would appreciate them. Thank you.   Fri, 07 Jun 2019 23:37:39 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-the-same-problem-with-4-foreign-tax-credit-error-me/01/788900#M102596 jcs 2019-06-07T23:37:39Z Did you use the "A" or "B" method? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/did-you-use-the-a-or-b-method/01/788911#M102597 Did you use the "A" or "B" method? Fri, 07 Jun 2019 23:37:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/did-you-use-the-a-or-b-method/01/788911#M102597 rogge1722 2019-06-07T23:37:41Z Oh. I should have put the method in. I used the A metho... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/oh-i-should-have-put-the-method-in-i-used-the-a-metho/01/788918#M102598 Oh.  I should have put the method in.  I used the A method with the desktop Premium software.  For now, I chose column A and left the country blank on line 8 of the appropriate 1099-Div worksheet.  The software has accepted that and no longer protests that the form is in error.  I'm assuming from your explanation that Form 1116 doesn't actually exist for my return and this choice of column won't make much difference.  Thanks for getting back. Fri, 07 Jun 2019 23:37:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/oh-i-should-have-put-the-method-in-i-used-the-a-metho/01/788918#M102598 jcs 2019-06-07T23:37:42Z I have a similar situation (using method A) with TT reque... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600 I have a similar situation (using method A) with TT requesting me to choose column A, B, or C.  I selected column A and it "seemed" to also clear the error.  I'll be following this discussion to make sure that approach is correct and won't cause any problems with my filing. Fri, 07 Jun 2019 23:37:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600 fe0660 2019-06-07T23:37:43Z Re: This is a software error and here is the workaround. If y... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1287058#M135658 Using Option A - TT Premier....no "Line 48" on either of the 1040 Wks forms  (standard of the 2 Persoanl form for my wife & I Sat, 07 Mar 2020 17:04:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1287058#M135658 MBurroughes 2020-03-07T17:04:48Z Re: This is a software error and here is the workaround. If y... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1679957#M160446 Method B does not work. You said 2. Tell Us About Your Foreign Taxes              Check the “None of these apply.” <<==== there is no such checkbox Tue, 14 Jul 2020 16:27:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1679957#M160446 cdbmkenirsk11 2020-07-14T16:27:27Z

<title>

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600

</link>

I have a similar situation (using method A) with TT requesting me to choose column A, B, or C.  I selected column A and it "seemed" to also clear the error.  I'll be following this discussion to make sure that approach is correct and won't cause any problems with my filing.

</description>

<dc:creator>fe0660</dc:creator>

<dc:date>2019-06-07T23:37:43Z</dc:date>

<item>

<title>

Cannot clear form 1116 foreign tax credit error message

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/cannot-clear-form-1116-foreign-tax-credit-error-message/01/788878#M102594

</link>

Using Premier for 2018 taxes. Form 1099-DIV, downloaded, had $2.38 in foreign tax paid. An error message comes up in review suggesting I need to do something to trigger form 1116. I've tried for a few hours but nothing works. I even went back to the step by step to guide through, but nothing works and the error keeps coming up. I've been ready to file but hate to do so with an error that can't be fixed. Here's what comes up:"Check This Entry. Schedule B form 1099-DIV Foreign Tax Sch A box or Form 1116 copy should be entered. Return to the place where this was entered to correct the entry."I downloaded the form. Not sure what else to try to correct???

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/cannot-clear-form-1116-foreign-tax-credit-error-message/01/788878#M102594

</guid>

<dc:creator>art555</dc:creator>

<dc:date>2019-06-07T23:37:36Z</dc:date>

</item>

<item>

<title>

This is a software error and here is the workaround. If y...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/this-is-a-software-error-and-here-is-the-workaround-if-y/01/788891#M102595

</link>

This is a software error and here is the workaround. If you are using the desktop version, use “A”; if using the on-line version, use  “B” (A) Bring up Form 1040 Wks. and make sure the credit is posted on line 48. If it is then bring up the 1099-DIV Worksheet.  In Box 7, double click on the f1116 icon. Another box will appear. You will see the phrase “Form 1116 (COPY 1)”.  Click on that and it will be highlighted.  Then click on the “LINK” button. That box will disappear and you will see the phrase “COPY 1” inside the f1116 icon. Then recheck Form 1040 Wks. and make sure the credit is still posted on line 48. If so, the error is cleared, no f1116 will be generated and you are done. (B) It is assumed you are using the exemption and the credit is posted on line 48 of the 1040 Wks.  Go to the Foreign Tax Credit interview.  We will be going into the interview just far enough so TT will Link to COPY 1 of a f1116 although no f1116 will actually be generated.  Here are the headers and the responses. 1. Foreign Tax Credit              Continue 2. Tell Us About Your Foreign Taxes              Check the “None of these apply.”               Make sure the other 2 are blank.                Continue 3. Foreign Taxes                 Continue 4. Do You Want the Deduction or the Credit?                Take a Credit. 5. Reporting Foreign Taxes Paid                  Continue 6. Where Did You Receive Dividend Income From?                 If already selected, Continue, otherwise select any one. It doesn’t matter as it is not needed. 7.  Income From Foreign Countries               “Report Income.” 8. Report Foreign Tax Paid to XXXX.              Check under “Select”.              Continue. 9. Foreign Source Income              If there is an entry, ignore it otherwise type in any arbitrary amount. It is only a filler and not needed.               Continue. 10. Reporting Foreign Taxes Paid.              At this point, TT should have inserted the Link and cleared the error without generating a f1116. We want to     vacate the interview now, so I suggest selecting “Smart Check” to see if the error is cleared.  If so, verify the     credit is still on line 48 of the 1040 Wks. and you are done.

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/this-is-a-software-error-and-here-is-the-workaround-if-y/01/788891#M102595

</guid>

<dc:creator>rogge1722</dc:creator>

<dc:date>2019-06-07T23:37:37Z</dc:date>

</item>

<item>

<title>

I had the same problem with 4 foreign tax credit error me...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-the-same-problem-with-4-foreign-tax-credit-error-me/01/788900#M102596

</link>

I had the same problem with 4 foreign tax credit error messages.  Your fix was very helpful in clearing 3 of the 4 errors.  On the fourth I was asked to choose column A, B, or C.  Since I haven't filled out the form I don't know which to choose.  Box 8 is also highlighted in pink on the form asking which country the tax was paid to (that would be Canada).  If you have any suggestions, I would appreciate them. Thank you.  

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-the-same-problem-with-4-foreign-tax-credit-error-me/01/788900#M102596

</guid>

<dc:creator>jcs</dc:creator>

<dc:date>2019-06-07T23:37:39Z</dc:date>

</item>

<item>

<title>Did you use the "A" or "B" method?</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/did-you-use-the-a-or-b-method/01/788911#M102597

</link>

<description>Did you use the "A" or "B" method?</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/did-you-use-the-a-or-b-method/01/788911#M102597

</guid>

<dc:creator>rogge1722</dc:creator>

<dc:date>2019-06-07T23:37:41Z</dc:date>

</item>

<item>

<title>

Oh. I should have put the method in. I used the A metho...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/oh-i-should-have-put-the-method-in-i-used-the-a-metho/01/788918#M102598

</link>

Oh.  I should have put the method in.  I used the A method with the desktop Premium software.  For now, I chose column A and left the country blank on line 8 of the appropriate 1099-Div worksheet.  The software has accepted that and no longer protests that the form is in error.  I'm assuming from your explanation that Form 1116 doesn't actually exist for my return and this choice of column won't make much difference.  Thanks for getting back.

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/oh-i-should-have-put-the-method-in-i-used-the-a-metho/01/788918#M102598

</guid>

<dc:creator>jcs</dc:creator>

<dc:date>2019-06-07T23:37:42Z</dc:date>

</item>

<item>

<title>

I have a similar situation (using method A) with TT reque...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600

</link>

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-a-similar-situation-using-method-a-with-tt-reque/01/788925#M102600

</guid>

<dc:creator>fe0660</dc:creator>

<dc:date>2019-06-07T23:37:43Z</dc:date>

</item>

<item>

<title>

Re: This is a software error and here is the workaround. If y...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1287058#M135658

</link>

Using Option A - TT Premier....no "Line 48" on either of the 1040 Wks forms  (standard of the 2 Persoanl form for my wife & I

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1287058#M135658

</guid>

<dc:creator>MBurroughes</dc:creator>

<dc:date>2020-03-07T17:04:48Z</dc:date>

</item>

<item>

<title>

Re: This is a software error and here is the workaround. If y...

</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1679957#M160446

</link>

Method B does not work. You said 2. Tell Us About Your Foreign Taxes              Check the “None of these apply.” <<==== there is no such checkbox

</description>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-this-is-a-software-error-and-here-is-the-workaround-if-y/01/1679957#M160446

</guid>

<dc:creator>cdbmkenirsk11</dc:creator>

<dc:date>2020-07-14T16:27:27Z</dc:date>

</item>

</channel>

</rss>