Need help! I have used Turbo Tax over the past 4 years and have always done F1116 to get Foreign Tax credit. All data entered properly and Turbo system verified that everything is fine & that my return is ready to eFile. After submitting eFile I am getting a message that IRS is rejecting my return due to F1116 form. I have double-checked -- everything is fine -- including the amount of credit. Compared the F1116 with last years' - it is exactly same except the numbers for this year. Any idea how to alleviate the situation? This year I am using Turbo Tax Premium - prior years I used Turbo Tax Delux edition. The only change that I noticed this year (Premium edition) asked me to enter the Foreign currency conversion rate - which I did. I do not think this was asked last year in Deluxe edition. Tried to eFile two times - failed both the times. will appreciate your suggestions. Thank you.
I'm not sure if this is your specific situation but check out the link below. Hope it helps.