Any idea when the TurboTax Foreign Tax Credit Area Will Be Ready? (IRS is still working on Form 1116)

[KS99]

I'm looking for an estimate so I don't have to keep  logging into Turbotax to find out.

[LoganathanB · Accepted solution]

The foreign tax credit form 1116 is expected to be available in about 2 weeks.

Click on the link for more information

Foreign Tax Credit 1116

[boutelle65]

Thanks,

Will I get a messge when when the form is ready?

[PattiF]

No, you will not get a message when the form is available. Here is the link to the IRS Forms Availability. Use Control F to easily search for Form 1116.

[JES33]

Two weeks have passed.  The form is available on the IRS site.  Why hasn't Turbo Tax put the form in the software?

[LoganathanB]

The foreign tax credit Form 1116 will be ready on 2/24/2017

[jmcenern]

As of 2/18/2022 form still not available on TurboTax! 

[DoninGA]

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@jmcenern wrote:

As of 2/18/2022 form still not available on TurboTax! 

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Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be finalized and available in TurboTax on 03/03/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

[lester1fortaxes]

previously it was to be available 2/24/2022

[LoganathanB]

Form 1116 will be available in TurboTax on 3/3/2022

Click on the link for more information

Forms availability

[JD-TaxMan]

As of today, it is in TurboTax. Just need to make sure you run the update. 

[KS99]

Now it looks like Form 1116 is partially available, but if you need Form 1116, Schedule B for foreign tax carryover, it is not yet available. "... will be available in a future product update". You can't eFile without this new Schedule B. When will it be available?

[GeorgeM777]

If your return has been rejected regarding Form 1116B, please know that the issue is being resolved in a product release scheduled for March 18, 2022. Your tax return now includes updated information to carryover of foreign taxes. On or after March 18 you'll need to sign into TurboTax, complete a quick review (steps below), and resubmit your return. Please note this is just for your federal 1040 tax return. To review and re-submit your return, follow these are the steps if you're using a CD or downloaded version of TurboTax:

1. Update TurboTax (visit our Support Site if you need help updating).
2. Please review your answers under the topic of Foreign Taxes in the Deduction & Credits Section under Estimates and Other Taxes Paid. Make any corrections if prompted.
3.  E-file your return (you won't be charged any additional fees).

Note: The calculation change may affect your refund.

@KS99