Form 1116 : turbotax error

[rhs3]

HELP . . .

IRS instructions explain how to elect to claim the foreign tax credit without filing Form 1116.

This specifies that the foreign taxes don't exceed $300 (single).

IRS instructs me to enter  the amount on Schedule 3 , line 1.

But when I do this TT takes me to a worksheet with only two options: Deduction  or 1116 .

Form 1116 generates a much lower credit.

I have erased everything and tried  again ;   same  results .

rhs3

[rogge1722]

Is line 18 on the form 1040 greater than zero?  Also, on form 1116, are there any carryovers?

[rhs3]

1040 , line 18 greater than zero.

1116 ,  no carryovers .

Sorry , no help.

rhs3

[rogge1722]

If you delete form 1116, the amount of the exemption should automatically be posted on schedule 3 and on line 20 of form 1040. 

[rhs3]

I've deleted 1116 several times .  Schedule 3 line 1 is initially blank and when I try to make an entry , the 1116 worksheet  appears with the two wrong choices .

rhs3

[ThomasM125]

You don't need form 1116 if your foreign taxes are less than $300. In TurboTax you just enter the form 1099-INT or 1099-DIV with the foreign tax amount and the foreign tax paid should will show up on line 1of schedule 3. No entry is required on Form 1116.

[rhs3]

My total foreign tax is $272  .   It-is all reported on 1099=DIV ( Box 7 ) with the forms downloaded into

TurboTax from Vanguard and Schwab .    It is all passive income and I have no carryovers from previous years.

And I would expect this to automatically  generate an entry for Schedule 3 , line 1 of $272 without 1116.

For 2020 and 2021 TurboTax did exactly this with nearly identical amounts and sources of foreign tax.

This year TT takes me to a worksheet with only two options: Deduction or 1116.

I have deleted 1116 several times.  Schedule 3, line 1 is initially blank but when I try to enter a number,

a new 1116 worksheet appears with the same wrong options