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user17712903551
Returning Member

Foreign Tax Credits

I have $500 of foreign tax credits on my 1099-Div.  Some of those I will need to carryover and use in 2026.  I cannot get TurboTax online to create form 1116.   Only when I manually change the foreign tax credits to over $600 does it generate a form 1116.   How do I get TurboTax online to generate a form 1116 for less than $600 of foreign tax credits?  Thanks

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2 Replies
DaveF1006
Employee Tax Expert

Foreign Tax Credits

Try changing the amount of the 1099 DIV to over $600. This should generate the Form 1116. Close or log out of return and then open or log back in again to record the change.

 

Now, change the amount of foreign tax paid  on your 1099 DIV back to $500. Form 1116 should stay in your tax return. You can report your foreign tax credit and go through the screens to get the carryover amount to appear in next year's return. 

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user17712903551
Returning Member

Foreign Tax Credits

Thanks for the response.   

Unfortunately, after I log back in and put the foreign tax credit back to $500, the form 1116 disappears.

So adjusting to $600 did create a form 1116 and I then logged out as suggested.   When I logged back in, the form 1116 was still there but when I put the foreign tax credit back to the actual $500 amount, it went away again.

Any other suggestions?

 

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