How do I fix a problem with Form 1116 worksheet importing wrong information into Form 1116?

[Periwinkle65]

Form 1116 Part II Foreign Taxes Paid or Accrued requires that the dates these taxes were paid be listed for each country. On the 1116 Worksheet I filled in December 31 for A, B and C. But on Form 1116. I would assume that the worksheet information should transfer to forms 1116 and to 1116 AMT.  Yet on forms 1116 and 1116 AMT the correct date (December 31, 2023)  was given for B and yet C were filled in with "1099 taxes." I cannot imagine from where this error could have originated other than from the worksheet connected with this form! In cannot have come from Step-by-step because the interview does not ask for this information. 

A TT representative had me go through the step-by-step entirely. The second representative said that the error was caused by this advice. Both deny that there could be a technical error with TT and insist that I use their paid program. 

After wasting hours, should I give up and file my taxes anyway? 

[SusanY1]

For foreign taxes reported to you on a 1099 such as foreign taxes on dividends, the IRS instructs to enter "1099 taxes" in Part II, Column 1 of the Form.  

When the tax information comes from these entry areas, TurboTax automatically fills in this notation per the Form 1116 instructions for you.

 

[DWC-15170]

Susan - Where do you find that instruction?  Here is what I have as instructions for that field:

If the taxes were automatically withheld for you (for example, on a Form 1099-INT), enter a paid date of 12/31/2024. If the taxes were not shown on a Form 1099-INT, 1099-DIV, Schedule K-1 (Form 1041), or Schedule K-3 (Form 1065 and Form 1120-S), enter the amount of taxes in U.S. dollars on the Foreign Tax Credit Computation Worksheet.

Based on those instructions, the field should have a date of 12/31/2024, not text of 1099 Taxes.  What am I missing?

[DWC-15170]

Nevermind, Susan.  Based on your assertion, I went out to irs.gov to look at the instructions for Form 1116 on their website.  I found the following:

If foreign tax paid on passive income is reported to you in U.S. dollars on a Form 1099-DIV, 1099-INT, or similar statement, you don't have to convert the amount shown into foreign currency. This rule applies whether or not you can make the election to claim the foreign tax credit without filing Form 1116 (as explained earlier).  Enter “1099 taxes” in Part II, column (l), and complete columns (q) through (u) for each foreign country indicated in Part I.

In other words... you were right, and the TurboTax field instructions were wrong!  Thank you for sharing your expertise!

[SusanY1]

You're quite welcome!