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As of 9pm est 3/2 form 1116 is not available for the CD version
web site for CD version still says 3/3
One problem that I am having is that I am getting an error message on each of several foreign tax credit requests to use schedule A vs a tax credit even though I have indicated to take a credit. Please fix this and allow me to file electronically. Thank you
The deleted number is [phone number removed].
TT keeps on deleting posts with this number.
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The CD version is still not working as of 9pm est.
Availability still scheduled for 3/3 per TurboTax
Getting a message that can't file electronically because Form 1116,, Schedule B is required and per the list of available forms, this form is unsupported?
Anyone else having this problem?
Message is you have to paper file to do form 111`6
Does it make sense to just select deduction versus credit to avoid the 1116 form since I just have only 311 in foreign tax paid ( and not too much carry forward from previous years) to avoid sending paper file and waiting for march 31?
Form 1116 for the desktop version is now available. Do the update with turbotax.
I updated Deluxe 3/3/2022 Form 1116 still missing. 021.000.0491 level. Was to be ready today.
Updated 3/3 when Form 1116 was to be available. On screen Fed Taxes/Fed Review shows Tax Forms to revisit Form 1116 Available (0). ????? Can I file????
Form 1116 was to be available today 3/3, but not for me, still waiting so I can file. Shows up on Fed Taxes/Fed Review - Tax Forms to Revisit Form 1116.
To PGH re post: Does it make sense to just select deduction versus credit to avoid the 1116 form since I just have only 311 in foreign tax paid ( and not too much carry forward from previous years) to avoid sending paper file and waiting for march 31?
That depends. Taking it as a deduction may reduce your taxes, but by a smaller amount than $311 because it reduces your income before the tax on your income is calculated. Taking it as a credit will definitely reduce your taxes by $311 because it is subtracted from the tax due after the tax is calculated.
This is insane. Wait months form 1116, only to find out that the accompanying schedule (B) won't be ready for another 4 weeks. Done with TurboTax. On to another vendor.
OK, its 3-3-22. Someone PLEASE tell all of us who have been waiting (and waiting) what the current status is regarding this form. THUIS IS UNBELIEVABLE. What happened to the Intuit we all loved?
@JIMX - 1116 works this morning. I was able to complete my tax return. Note that I did not have any foreign tax carryover.
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