Foreign Tax Credit - Cannot allocate income from countries properly

[DaveF1006]

In the drop-down menu select "various" thus eliminate the need to add each country individually.

[seghezzo]

In which part of the interview should I select various? And if I do this selection, what will be the result?  do not think various is an accepted country value for form 1116. It should be either RIC or individual country

[DaveF1006]

If you select "various", it won't impact your return one way or another.

[seghezzo]

Exactly the same problem I had evidenced.

It seems so easy to aolve the issue:

-when you present a 1099, present a table with

  country   foreign income  foreign tax

-Then check you reported all the taxes

-Then I am sure the form 1116 will report all the countries as needed.

In the meantime, can somebody from TT publish a manual way to fill the info that will not mess up the whole return?

Thanks

[nmreed]

I have the exact same problem. I read somewhere that if the foreign tax is less than $600 you don't have to fill out form 1116. Ours is $944 this year.  I read if you override the information on the form, then you can't file electronically.  I am thinking about deleting the 1116 forms and see what happens.  I have chosen RIC, but the Federal Review still shows an error in the return. Have you been able to file your return?

[DaveF1006]

To clarify, what type of an error is your TurboTax return reporting. Just an FYI, since your foreign tax paid is $944, you do need to file Form 1116 to claim the credit.

@nmreed 

[nmreed]

I got my problem figured out.  When I was putting info in the Form 1116 section, I think I didn't get the right information linked to the correct 1099 Div. I solved the problem by going to forms and deleting two Form 1116s. Then I reentered the information correctly and I now have finished my tax returns.  I am going to make some notes to myself for next year and will use Turbo Tax again next year. In case anyone cares, I am 85 years old and still doing my own tax return plus one for a daughter.