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Level 2
posted Feb 22, 2025 8:40:51 AM

Logic Error in 2024 Foreign Taxes Credit Calculations

2024 TurboTax iMac Download - MacOS Ventura 13.7.4

 

There is a logic error in the Foreign Taxes Credit calculations.

 

When you enter the Foreign-Source Income for RIC on the Foreign-Source Income page, and then click Continue, a box is checked in the 1116 Comp Wks form (Foreign Tax Credit Computation Worksheet) Part 1 "to make adjustments for foreign qualified dividends and/or capital gains for line 1."

 

When you later click on Yes on the "No Other Income or Expenses" page, the "make adjustments" check box is not cleared.  There is no logic through the remaining foreign taxes credit calculations that unchecks that box, and you can't manually uncheck it, even if there are no adjustments to be made.

 

So, when you run the Federal Review, it shows there is an error in the 1116 Comp Wks form (Part 1 line h Qual. Dividends and LT Capital Gains for column A) and there is no way to enter blank or zero.  It wants a fictitious number of some kind.

 

Bottom line - I have not found a way to get through the Federal Review.

0 2 1855
2 Replies
Expert Alumni
Feb 24, 2025 10:45:51 AM

Yes. Enter a "1" in the field to clear the error. This will not negatively impact your return and will allow you to move on in your return without interruption. 

Returning Member
Mar 3, 2025 6:43:25 PM

Where do I enter "1" to fix the error?  In the Qual divid and LT gain box of the Foreign tax credit comp wk???