Form 1116 with adjustments for carryover
Why does a return have to be Paper filed with carryover adjustments on Form 1116?? In the past, I had to remove the carryover just ot efile
Best Answer
-
Hello, and thanks for joining our community.
The functionality of the foreign tax credit is still developing. There are a few situations where our software is limited in what it can do for Form 1116 - the carryover is one of those issues. This will hopefully change soon.
Let us know if there is anything else that we can do for you.
Answers
-
Thanks…
-
@PhillipB - "This will hopefully change soon."
Does that mean this will be fixed for the 2023 tax year? If so, how will I know when it is fixed?
-
For your specific situation, we recommend contacting our support team from within your account so that they can review your information to see if your situation is supported.
