During FEDERAL entry I first chose take FORM 1116 credit for Vanguard box 7 foreign taxes paid, but immediately hit back then chose to use the itemized deduction option. It was only after completing the entire FEDERAL return and running SmartCheck flagged an incomplete FORM 1116. Switching to forms it showed a Form 1116 Worksheet, but no form 116 entry on the left hand index of forms.
If anybody can come up with a solution before I try submitting the return I'd be most appreciative.
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After conferring with Turbo Tax support it was determined I should just choose the Paid option check box which gave me the itemized deduction. Nothing else was required and Smart Check then passed successfully.
I thought I should add a few more details.
Foreign tax amount > $600.
I want to only take the tax as an itemized deduction. I do NOT want a tax credit even though it might be more advantageous. Please do not provide a solution that involves the FORM 1116 and it's worksheet.
Thanks again.
Adding more info, hoping for a reply.
Last year I did file a FORM 1116 and it was for under $700.
thanks
I see you’ve tried going into Forms mode, but have you tried this yet in TurboTax Desktop:
After conferring with Turbo Tax support it was determined I should just choose the Paid option check box which gave me the itemized deduction. Nothing else was required and Smart Check then passed successfully.
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