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
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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.
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Answers
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Thanks…
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@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?
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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.
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It has been over a year since this issue was brought to your attention. Has it been resolved? Does FreeTaxUSA now support e-filing Form 1116, Schedule B; and if not, why not?
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Thanks for asking. Our software for 2024 does not yet support e-filing Form 1116 Schedule B. We work to add additional forms and functionality each year, but our wish for this one hasn't been moved to the top of the list yet. I'm sorry for the inconvenience.
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