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TestWei
Returning Member

Foreign Tax Credit

I see the foreign tax credit issue is supposed to be resolved by March 3, 2022 but it still doesn't seem to work as of March 4, 2022.   Is there something I should be doing instead?  It continues to say the form is not available.  And, it also seems no form should be needed.  Thanks.

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3 Replies

Foreign Tax Credit

do you have a FTC carryover? then to claim it you'll have to prepare 1116 schedule B and you will not be able to e-file.

 

TestWei
Returning Member

Foreign Tax Credit

Hi, I have no FTC carryover.  When I click to claim the credit instead of itemizing, it gives the response:  great job for doing things early, we are still waiting for the IRS to complete the 1116 form.  Not only should I not need that, it should be complete by now.  I'm wondering if there is something wrong with TurboTax?  

TestWei
Returning Member

Foreign Tax Credit

I just looked and saw my error.  I needed to. check an additional box, and now it fixed.  Thanks!

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