I have foreign tax carryover in 1116 and 1116AMT. The 1116AMT wont attach correctly

[arunkn00]

I have foreign tax carryover in 1116 and 1116AMT. The 1116AMT wont attach correctly. The worksheets are correct and if I choose open form the data is correct.

If I put in $100 in the worksheet in any box the form is generated and attaches correctly.

[DaveF1006]

 It depends. Usually this is reported in a consolidated worksheet called a1116 Comp WKS, rather than a separate worksheet.

[arunkn00]

Hi,

Thanks. That is not the issue. The worksheet is there. It is correct. The AMT data is there. That is also correct. 

When I look at the tree, and look at the PDF only the 1116 and schedule B appear. 1116 AMT and schedule B AMT do not appear. The documents are there, they are correct and are printable. Just not part of the return.

That's the issue.

[DaveF1006]

The PDF version usually prints out the tax return that gets sent to the IRS and the worksheets are for your own reference. You may need to access the print center to be able to print all your forms.  if in Turbo Tax online;

1. Sign in to your TurboTax account.
2. Navigate to the Tax Home:
3. Click on Tax Home in the left menu.
4. Go to Tax tools
5. Tools 
6. print Center
7. When this is selected select Print, save, or preview this year's return.
8. This will give you an option to print just your return or your complete return which includes all turbo tax and IRS worksheets.  Make this selection.
9. See if your form is listed there. 

if you sent in your return already, go to Your tax returns & documents at the bottom of the page, 

1. Select Add a State (you're not actually adding a state, this just opens your return back up).
2. Repeat steps 4-9 listed above.

If you use Turbo Tax Desktop

1. Open your return
2. Select print Center along the black stripe across the top
3. Make your selection that you wish to download your complete return, which includes the worksheets.

@arunkn00 

[arunkn00]

Thanks for the answer. 

Firstly, when I choose all forms and worksheets in the print option -- it does not print the 1116-AMT and Schedule B, 1116-AMT.

Secondly, the issue is that the 1116-AMT and Schedule B, 1116-AMT must be part of the return and they are not included when they are populated and correct. How do I know they are not included?

Print > Filing copy -- not there

Forms view > Look at tree -- not there

Forms open > 1116-AMT -- it is there and it is right and can be printed.

Lastly, how close are we? Any cell in the 1116-AMT can be made $50, and it populates it into the return. Make all the cells $0 (as it should be) and it drops off.  It must be included, because it records the carryforward foreign taxes of past year even though there is no activity this year.

[DaveF1006]

No. I will stand by my original advice. All of the activity and concern you addressed are reported in Form 1116 comp worksheet. Unless you were required to pay AMT taxes this year, you do not need Form 1116-AMT or Schedule B in your return. The IRS are just not interested in these unless you have to pay alternative minimum taxes this year and need to produce a reconciliation form. 

@arunkn00 

[LucyLiu5]

I have the same issues for missing 1116 forms. How did you handle? Have you filed without the missing 1116? 

@arunkn00 

@DaveF1006 Thank you for your answers. To clarify, even if my FTC carryovers forms are not included in 2024 filing, I still claim them next years if applied. My 1116 for general income are missing in 2024 final returns because not needed for IRS this year. Do I understand correctly? Here is my original post. I have not get any answer yet. Much appreciated. 

https://ttlc.intuit.com/community/forums/replypage/board-id/202/message-id/1293109

I had Foreign Tax Credit (FTC) carryovers from my 2023 return but no new FTC for 2024. TurboTax generated Form 1116, and the Schedule B for passive income is included in my return printout. However, the General Income 1116 carryover is missing.

I reviewed the FTC Computation Worksheet, which correctly shows the carryovers for both passive and general income categories to 2025. Since this is my first time filing taxes on my own using TurboTax, I am not familiar with the Form 1116 logic. However, I believe my FTC carryovers should be retained in my 2024 filing.

Questions:

1. What could have caused the General Income 1116 to be omitted? Could it be a software issue, or is it related to my tax numbers, such as AMT?

2. How can I ensure the FTC carryover is properly included in my return? I’ve seen posts of missing Form 1116 where TurboTax expert requested users to send their files to tech support. What should I do?

3. If I file without the General Income FTC carryover, will I lose it permanently, or can I claim it next year? What are the implications of missing this carryover, especially in terms of consistency with previous years?

Much appreciated!