topic I have to check the Form 1116 COPY1 - Foregin Tax Credit Comp Wks. But I do not understand what I should check! in Business & farm

I have to check the Form 1116 COPY1 - Foregin Tax Credit Comp Wks. But I do not understand what I should check!

phlopez06 — Mon, 09 Mar 2026 08:59:52 GMT

Form 1116 (COPY 1) -- Foreign Tax Crdit Comp Wks: Total Incoming C/O has a vlaue. This will require Form 1116, Schedule B, which will be available in a future product update.
What should check I in this entry?

Re: I have to check the Form 1116 COPY1 - Foregin Tax Credit Comp Wks. But I do not understand what I should check!

robtm — Mon, 07 Mar 2022 13:28:35 GMT

you don't need to check anything. you just need to wait until tt has 1116 sch b finalized by the irs. currently this is scheduled to be done on 3/17/22. i just finished my taxes and was told i could not e-file my taxes but could send them in by mail. not sure what this involves about 1116 sch b, but this may be an option if you don't want to wait until tt gets the form from the irs.

Re: I have to check the Form 1116 COPY1 - Foregin Tax Credit Comp Wks. But I do not understand what I should check!

phlopez06 — Mon, 07 Mar 2022 17:26:54 GMT

Yes right. And it seems like even if I wait for the 1116 schedule B form to be ready, I won't be able to e-file afterwards this year...

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

Re: I have to check the Form 1116 COPY1 - Foregin Tax Credit Comp Wks. But I do not understand what I should check!

robtm — Fri, 11 Mar 2022 15:55:29 GMT

I just got through finishing my taxes and it included the sch b fine. You should be able to e-file now just fine.