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GoGators-NYC
Returning Member

Turbotax business form 1116 (copy 1) country must be entered

I am running error check on a Trust return in Turbotax business.  The trust has a 1099-DIV with foreign taxes paid in line 7 and a supplemental form which details how much of the overall dividends were received from foreign sources. 

 

In form 1116 Column A is completely blank, but Column 2 has RIC + foreign dividends paid by mutual funds with information on line 1a and additional calcs on line 3.  

 

Issue is the error check is saying it wants me to enter a country in Column A, cell i (the first cell in Part 1).  Since the column is blank I dont know what to do here. If I put any value in the cell, it wants me to add additional value to cell 1a.

 

Thoughts?

 

 

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3 Replies
PatriciaV
Expert Alumni

Turbotax business form 1116 (copy 1) country must be entered

Try entering the same country code for Column A that you entered for Column B. The instructions say to use "RIC" if that applies to the income on line 1a. If you are prompted for an amount in Column A Line 1a, enter zero.

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Turbotax business form 1116 (copy 1) country must be entered

I have the exact same problem. I believe I had the same problem last year, but I don't recall what I had to do to fix the problem. Seems like there's a bug in Turbotax for Business.

Turbotax business form 1116 (copy 1) country must be entered

I may have stumbled on a fix.

 

I switched to forms mode and then I selected "forms" on the top menu bar, then selected "show list of forms", and then selected my Form 1099-DIV from the list of forms. I then scrolled down to Box 7 and changed line b) from column B to column A. I then closed the form and reran the audit and my return now successfully passes the audit check.

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