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marcel921
New Member

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

 
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28 Replies

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

MayaD
Expert Alumni

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

Form 1116, Foreign Tax Credit won't be available until 02/24/2022. Federal Individual Form Availability

Once the form is finalized by the IRS, it has to be coded and tested for calculations and e-filing acceptability.

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When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

Availability for form 1116 has been pushed out again. Now it is 03/03/2022.

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

It's on their web page now form 1116,when is turbo tax going to fix this?

 

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?


@scfoster2001 wrote:

It's on their web page now form 1116,when is turbo tax going to fix this?

 


Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be available in TurboTax on 03/03/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

It is 3/3/22 today.

When will Form 1116 be available in TurboTax 2021?

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

If you need Schedule B (Form 1116), that will not be available until 3/31/2022.

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

At the end of TT tax return documentation process, I see a message.

Form 1116.               Available 0

 

If I continue, I am led to a simplified foreign tax credit election smart worksheet (Form 6251), and that's tricky to complete without instructions. I do not want to fill-in some new forms, which will create additional problems, if any.  

 

gmadamo
New Member

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

The online form availability page shows 3/31 but for efile it shows unsupported.  Does that mean I will not be able to efile?

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?


@gmadamo wrote:

The online form availability page shows 3/31 but for efile it shows unsupported.  Does that mean I will not be able to efile?


Yes, it does if your return includes Schedule B (1116).

dwei22
New Member

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

Wondering if I should fill out Form 1116 by hand using a form downloaded from IRS instead. It is disappointing that this simple form is still missing from TurboTax

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?


@dwei22 wrote:

Wondering if I should fill out Form 1116 by hand using a form downloaded from IRS instead. It is disappointing that this simple form is still missing from TurboTax


Form 1116 Schedule B, Foreign Tax Carryover Reconciliation Schedule for tax year 2021 is estimated to be available in TurboTax on 03/17/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?

Why do I keep getting emails from Intuit saying that form 1116 is now available in TurboTax, yet TT appears to show that it is still not available ?

 

It seems ridiculous that form 1116 has been available in H&R Block tax software for a while now, but still not available in TT...

When is Foreign Tax Credit (Form 1116) going to be ready on turbo tax?


@mymontreal  wrote:

Why do I keep getting emails from Intuit saying that form 1116 is now available in TurboTax, yet TT appears to show that it is still not available ?

 

It seems ridiculous that form 1116 has been available in H&R Block tax software for a while now, but still not available in TT...


Form 1116, Foreign Tax Credit is available

Form 1116, Foreign Tax Credit for AMT is available

 

Form 1116 Schedule B, Foreign Tax Carryover Reconciliation Schedule will be available in TurboTax for printing on 03/10/2022 and for e-filing on 03/11/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

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