This will require Form 1116, Schedule B, which will be available in a future product update

[wiiltn]

Thank you for letting me know.  I've opened TurboTax, got the update, finished up, and filed.  It's a relief to be done.  Thank you again. 

[atwyman]

I also eFiled successfully today (3/12) so I think the issue is resolved.  Thanks!

[LoganathanB]

Yes, the software has been updated, and form 116 schedule B is available for efiling.

[rachelyu]

Hi,

I requested a refund due to the set up of this being very misleading for users. After completing all the available forms, the online platform led me to the payment page, which I believed would be the last step before I could e-file. But after payment, it found the error and told me that I could neither e-file nor send by mail.

The platform should have asked me to review first before payment because if I had realized that another Form was missing and that this year's tax filing would be more complicated than the last, I would have requested support instead of going through with payment.

Also, when I tried to request refund, customer service turned me down with a message that the date for this Form was an estimate and that it would be developed later. However, that is not the real reason for my request refund. And now I have no idea who to go to for support on my case since they closed my file.

This is terrible customer service and I am very disappointed in TurboTax as I have been a multi-year customer and this year's poor design makes me reluctant to do any future taxes through TurboTax. I am inclined to switch to another service provider in the future.

[apsalm]

Thank you for this response @Ebon ! I've tried re-filing and in the review the same error comes up -- "Form 1116 (COPY 1) - Foreign Tax Credit Comp Wks: Qual Div and LT Cap Gains should have a value of at least...." I don't understand how to go to wherever I need to go to enter this information. Thanks again,

[alsn]

@apsalm I believe it is asking for your foreign dividends portion of dividends. You may look at this thread or search for your exact error on this forum.

Solved: Error "Form 1116 (COPY 1) -- Foreign Tax Credit Co... (intuit.com)

[MarilynG1]

If you entered a 1099-Div with Foreign Tax, that amount of tax carried over to the Foreign Tax Credit section.

Then, in the Foreign Tax Credit section, you need to enter the amount of the Foreign Dividend associated with the Foreign Tax amount you entered in the 1099-Div section.

Your broker statement should tell you the amount of Foreign Dividend income you received. Choose Country 'RIC' if the amount of the Foreign Dividend is from several countries.

If you received a Foreign Dividend (but did not receive a 1099-Div) report the dividend as it you had received one.

Click this link for more info on Reporting Foreign Dividends.

[tsc1]

Glad that Schedule B is there.

However, when I go to the forms, and I look at the 1116 Comp Wks, all of the carry overs are empty (Foreign Taxes, Utilized, Carryover), except for 2021. I have used this form for the last 5 years at least, and I am quite certain that I saw the form populated before last weeks update.

I am missing something, that I am doing wrong? If not, any advice how to populate the form for the last years?

[alsn]

@tsc1 If you have your last year's return saved as PDF, you will find Foreign Tax Credit Carryovers there. You can input the numbers from here. TurboTax employee experts may have other solutions.

[alsn]

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

[SalQ]

What is the status of Form 1116 Sch B?  It is now April 2.  My software is fully updated.  But I still can't transmit my return because I continue to get a message "unable to locate the attachment Form 116 Sch B.

I thought this problem was to be resolved by March 31.

Sal Q

[Ebony A]

Are you still experiencing this issue? Form 1116 Schedule B is definitely available and many users have reported being able to successfully file with the form included. If you have checked for updates as mentioned, you may want to try uninstalling and reinstalling your software. I have included those steps below @SalQ .

How to uninstall Turbo Tax for Windows

How to reinstall Turbo Tax for Windows

How to remove and reinstall Turbo Tax for MAC

[atwyman]

@Ebony A I was able to efile with Form 1116 but am now trying to file an amended return and failing with a different error message on the same form.  Several others are too, as you can see on this thread: https://ttlc.intuit.com/community/taxes/discussion/re-can-t-e-file-unable-to-locate-attachment-at-at...

I tried uninstalling and reinstalling as you suggested, but TurboTax ended up stuck trying to force me to pay again for my free state (with TurboTax Deluxe on Windows) so I wasn't able to continue my return.  I instead installed on a different Windows machine and was able to download the free state (California) and continue my return, but eFile failed with the same error.  [Update: I was able to restore the Program Files directory from a backup to unstick my original computer back to the original state.]