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KF Holdings
March 4, 2022
Question

Foreign Tax Credit form

  • March 4, 2022
  • 1 reply
  • 0 views

I received an email  notification that Form 1116, Foreign Tax Credit was ready to updated in the Turbo Tax tool.  When I went into Turbo Tax there was no update.  Is there an issue?  Should I be doing something else?

    1 reply

    D
    DianeW777
    March 4, 2022

    No, there should not be an issue. Form 1116, used for the Foreign Tax Credit, definitely shows as available for both e-file and paper filing. The following article can be used to walk through the Foreign Tax Credit to review all of the information.

    If you should have any need for Form 1116 Schedule B, Foreign Tax Carryover Reconciliation Schedule, it is not available until March 31, 2022.

     

     

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