When I fill out the 2021 Form 1116 (Foreign Tax Credit) I get the Turbo Tax error message:
"This form has not been approved for release at this time". The suggested fix to update Turbo Tax doesn't solve this problem. Even after a successful update the error persists.
How can I fix this problem?
Try downloading updates and going back into it. I was able to update my form within the last hour on two different returns. Try going into the process from the review part of the program. And, check to make sure it shows the foreign tax credit even though it says it didn't update. Mine did.
Thanks for your response. Unfortunately, Updating, exiting Turbo Tax, and launching it again still did not resolve the issue for me.
Still wondering how to resolve this error......
Per the IRS forms availability list for Turbo Tax, form 1116 is not currently available and is slated to be finalized on 3/3/22.
Form 1116 is not needed if your tax credit is less than $300 for single or $600 for MFJ filers.
I was able to delete the form, e-file, IRS accepted, refund processed and except a direct deposit next week.
Wish I would have read the IRS publication weeks ago instead of waiting for the multiple TT form delays.