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Level 5
January 27, 2022
Question

form 1116

  • January 27, 2022
  • 2 replies
  • 8 views

TT online is stating form 1116 is not ready yet, even though on my tax breaks summary page it is showing the relevant foreign tax credit that it took from line 7 of my 1099 DIV.    Should I wait to file until the form is available...is so when will it be?

 

Thank you

2 replies

DoninGA
Level 15
Level 15
January 27, 2022

You cannot e-file your tax return until all the forms and schedules included in the return have been finalized and are available for e-filing.

 

Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be finalized and available in TurboTax on 02/17/2022

Mike9241
Level 15
Level 15
January 28, 2022

if single and your FTC is under $300 you can fie without form 1116

you enter only the foreign dividends

and the foreign country - "various" works

 

do not link to a column on the 1116

 

Mike9241