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Level 1
posted Mar 9, 2022 10:27:37 AM

Form 1116 on Windows 10 Turbotax install

Hi, I error check my return and keep getting this below.  How can I resolve this? I have entries from "Foreign Tax credit carryover from 2020" and "Foreign Tax credit carryover to 2022" that both result in this error.  Please advise.

 

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1 Best answer
Expert Alumni
Mar 9, 2022 10:52:40 AM

The correct calculation requires form 1116, Schedule B that hasn't been update to the system. The update should be available 3/10 and you should be able to efile after 03/11. I would wait until 03/12 just to make sure the entire update has been put into place.

1 Replies
Expert Alumni
Mar 9, 2022 10:52:40 AM

The correct calculation requires form 1116, Schedule B that hasn't been update to the system. The update should be available 3/10 and you should be able to efile after 03/11. I would wait until 03/12 just to make sure the entire update has been put into place.