When will Form 1116 become available?

Forum|Forum|4 years ago
February 27, 2022
31 replies
155 views

- Form 1116, Foreign Tax Credit

- Form 1116 Sch B, Foreign Tax Carryover Reconciliation Schedule

TurboTax Premier Online

Best answer by DoninGA

Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be available in TurboTax on 03/03/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

DoninGA

Answer

Level 15

Form 1116, Foreign Tax Credit for tax year 2021 is estimated to be available in TurboTax on 03/03/2022

Go to this TurboTax website for IRS forms availability - https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

AL618

Level 2

What?? The link states Form1116 not available until 3/31/2022, that is unacceptable. Is there an alternative so I can finish my taxes?

KathyandCraig

Level 2

It may take longer for one form or another to show up in TurboTax for multiple reasons. Our goal is to provide you with the most accurate information possible. As part of this process, we communicate often with the taxing agencies.

For up-to-date status, refer your customer to the federal and state forms-availability articles.

IRS forms availability table for TurboTax individual (personal) tax products

State forms availability table for TurboTax individual (personal) tax products

If the form becomes available sooner than currently published on that Help Article, the article will be updated to provide the new availability date.

It is 03/12/2022. The turbotax site indicates the form is available but it is still not able to be used by TurboTax Premiere 2021 desktop windows. I am current on all updates, and the form 1116 still indicates DO NOT FILE and the software shows Foreign Tax Credit Form Available 0 under Tax Forms to Revisit. when can my taxes be filed?

Ralph S

Level 2

The provided link states the Form 1116 is available now: however, the current update did not download it.

DoninGA

Level 15

@Ralph S wrote:

The provided link states the Form 1116 is available now: however, the current update did not download it.

I am using the 2021 TurboTax Premier desktop edition for Windows and the update this morning shows the Form 1116 available.

Current Version number for a Windows based TurboTax program is 021.000.0491 (Help>About TurboTax>Version)

Click on Online at the top of the desktop program screen. Click on Check for Updates.

Ralph S

Level 2

I'm sorry but it is actually the Schedule B of Form 1116 for loss carryovers that is not available. TurboTax will not allow me to e-file the return and states that it must be mailed.?

DavidG43

Level 2

Form 1116, Schedule B is now available on Turbo Tax and it is now possible to e-file with this form. The form became available on Turbo Tax on 03/11/2022. It was not ;possible to e-file on 03/11/2022 within Turbo Tax since the e-filing software did not recognize the existence of the Form. However, on 03/12/2022 e-filing became possible. I e-filed on 03/12/2022 and my return included Form 1116, Schedule B that was prepared by Turbo Tax.