Missing 2021 Form 1116

[993C4]

Very bizarre, but the truth-

When I followed the instructions for re-filing with the March 18 update to resolve the Form 1116 Schedule B e-file error issue my return was again rejected.  I switched from credit to deduction and back to credit to force a new Form 1116 for the return but got rejected again for a an AGI mismatch error.  I re-entered my 2020 AGI, which I know is correct because I downloaded my transcript from my irs.gov account but got another error.  I tried again with 2020 AGI = 0 and my return was accepted.  Go figure...

[sidfranks]

I went back to a return in progress on 3-20-22 and it still says form in progress.  However, I prepared another return and it allowed me to complete the 1116.  What's the fix?  Thanks.

[alsn]

Fyi - my return was accepted by the IRS (I am using TurboTax Deluxe Windows). It included form 1116, Schedule B and carryover computation worksheet. Hope that experience with TruboTax is better next year! Thank you all.

[usapayer]

That $600 threshold is an important fact, but few of the taxpayers on this thread mention where they lie re this threshold. I wonder how many that are being rejected are people who don't even need the 1116, in which case the puzzle is why TT is even mentioning it to them or holding up their filing. Years ago I made a election that forced me into a presumably permanent need to file an extra form (it might have been the 1116, even though I did not exceed that threshold at the time, but I don't remember). 

[alsn]

@usapayer My understanding is that although you are within the threshold, you may have FTC carryover amounts from previous years, in which case you will need to file form 1116 so that you can use the carryovers in the future. TT employee experts may want to clarify.

[JES33]

@usapayer  not sure when you joined the discussion but the threshold came up several times a while ago. A good reminder though. Thanks 

[LoganathanB]

Foreign Tax Credit form 1116 has been updated.

Once you run the software update, Form 1116 will be ready and you can file your tax return.

If you're on a PC, open TurboTax and select Check for Updates from the Online menu near the top.

On a Mac, simply quit and reopen TurboTax. If there are any updates, you'll be prompted to download them

[asanghvi]

Hello

My Deluxe version did fill out 1116.

Does your 1100D shows foreign tax withhold? If not, select "unusual" option to enter foreign tax you paid.

ARS

[Gboot]

My 100D does show Foreign Tax withheld. TT still giving message 1116 Not available. I talked with TT support yesterday morning and the response was “yes they know its an issue and they are working on it, check back in a few days”. 

I’m using the online version of Deluxe TT, based upon this forum it seems to be working on other platforms.

[MarilynG1]

Yes, Form 1116 is working for most users.

Since you're using TurboTax Online, try closing the program, clear your Cache and Cookies and re-visit.

Click this link for more info on claiming a Foreign Tax Credit. 

[Gboot]

Marilyn,

Did as you suggested and still getting the message form is missing. I also tried going back to the 1099-Div form and setting the Foreign Tax block to zero and still got the form missing message. Then went back and set the amount back to the correct value, still form missing. Then out of curiosity i went to the print function and low and behold the 1116 form is there but no fields are filled out.

 Help please - April 15 is coming quick.

[mitchwinter]

@Gboot 

Try putting your 1099 Div back to the way it was. Change the foreign tax credit to taking a deduction. Then see if the error is gone (should be), then change the foreign tax credit back to taking a credit and go through the prompts again. Hopefully, you will be OK.   Let me know!

[Gboot]

Mitch,

So I tried doing as you suggested. I do not see the option of taking a credit or deduction in the normal course of walking through the choices. However, the missing form message went away. When I got to error checking, an error appeared that indicated the Deduction Box was not checked , so I checked the box (note credit option was not presented).  Now the amount appears as a deduction which doesn’t help me as i am taking the standard deduction. 

 Went back and started by editing the 1099-div, making no changes as I see no way to make the foreign tax a credit. Continued through to check for errors and there was no place to change deduction to credit.

[mitchwinter]

@Gboot 

I have the desktop version however... On the deductions and credits tab... it says estimates and other taxes paid. There is an option for foreign taxes. Click there and go through until it says credit or itemized deduction. Take credit and continue through the process. I don't have the online version. If you say there is no option, I don't know how to help.  Good luck. Let me know if it works!

[Gboot]

The issue has now morphed in to TT not taking a Foreign Tax Credit. TT is taking a Deduction, which is useless to me as I am using the Standard Deduction.

 Is there anyone using TT Online Version that has figured out a way of changing the Deduction option to a Credit ?