2021 Form 1116

Forum|Forum|4 years ago
February 19, 2022
1 reply
43 views

I have $118 in foreign tax paid. I qualify for a tax credit without filing Form 1116. Turbo Tax is telling me I need to file Form 1116 but it is not ready yet and to keep checking back. Form 1116 is available on the IRS website and is incredibly complex. How to get Turbo Tax to give me the option of NOT filing Form 1116?

TurboTax Basic Windows

Best answer by FangxiaL

Try the following steps to resolve your issue:

Within your federal tax return:

Go to Tax Tools > Tools to open the Tools Center
Select Delete a form
Click on Delete next to Form 1116 if listed under Federal Return
Go back to your federal return
Under Deductions & Credits, click on Edit next to Foreign Tax Credit. If it is not listed under Your Tax Breaks, click Show more next to the section of Estimates and Other Taxes Paid and click on Start next to Foreign Tax Credit

You should be able to claim the foreign tax credit without filing Form 1116.

FangxiaLAnswer

Level 10

Try the following steps to resolve your issue:

Within your federal tax return:

Go to Tax Tools > Tools to open the Tools Center
Select Delete a form
Click on Delete next to Form 1116 if listed under Federal Return
Go back to your federal return
Under Deductions & Credits, click on Edit next to Foreign Tax Credit. If it is not listed under Your Tax Breaks, click Show more next to the section of Estimates and Other Taxes Paid and click on Start next to Foreign Tax Credit