Level 6

Solved

2021 Form 1116 Schedule B

53 replies
219 views

Got this diagnostics message from PTO: Form 1116 Schedule B, Foreign Tax Carryover Reconcilliation Schedule must be attached as a PDF for electronic filing purposes. US - Ref #56669

Does PTO generate Form 1116 Schedule B, Foreign Tax Carryover Reconcilliation Schedule?

Thank you for your time.

ProConnect Tax

This topic has been closed for replies.

George4TacksAnswer

Level 15

https://proconnect.intuit.com/tax-online/forms-finder/ says it was released last week.

I believe input for carryover onto Sch B is just below the input for 1116. I have not tested that it works.

Answers are easy. Questions are hard!

George4TacksAnswer

Level 15

https://proconnect.intuit.com/tax-online/forms-finder/ says it was released last week.

I believe input for carryover onto Sch B is just below the input for 1116. I have not tested that it works.

Answers are easy. Questions are hard!

T

The Real HalloweenAuthor

Level 6

@George4Tacks Thanks alot!

J

johngjertsen

Level 2

Form 1116 Schedule B was released in its "final form" yesterday, 2/22/22, but I'm still seeing this critical diagnostic.

George4Tacks

Level 15

Complete the section for Foreign Tax Credit Carryover (& same for AMT) for the years that the carryovers are from - FOR EACH category of income. That will create the Sch B & attach if needed.

Answers are easy. Questions are hard!

J

johngjertsen

Level 2

These are already populated because we have been the tax preparer using ProConnect for those years. This is a new critical diagnostic this year because I'm pretty sure ProConnect has yet to put a software fix in place. The software is generating the Schedule B to the Form 1116 but simultaneously telling me that I have to attach a PDF.

L

Linda8045Tax

Level 2

I checked for updates and am on the most current version. Yet, I see no input for 1116 Schedule B and a partial print to PDF says form is not available for this release. Thoughts?

T

taxprocommunitymember1

Level 5

When I clicked on an error message for 1116 Schedule B - just got a message saying that it will be released with an update - but no date. So, not sure what's going on. Not sure whether to just file with an attachment - but if so, not sure it will go through successfully.

J

JWM

Level 4

3/4/2022

Hi all,

This is a post from Thursday on a Proseries Professional discussion thread:

"After further investigation, our Product Specialist was able to confirm that you will be able to EFile with the 1116 schedule B attached as a PDF, once that form is finalized. I apologize for any miscommunication earlier, as it was unclear if this form was going to be able to be EFiled or not. Form 1116 is final; the schedule B is set for tentatively 3/31. However, our Development Team is working around the clock to try to get the form out ASAP. Again, if you are needing any further information, please contact Technical Support. However, that is the latest update our team would be able to provide at this time."

I cannot believe what I am hearing. ProSeries is saying any return with a 1116 carryover value (requiring form 1116 schedule b) (every single one of my 350+ returns) cannot be e-filed until after 3/31? And even then, ONLY by attaching a pdf to the return? I cannot file a return for FOUR WEEKS?

K

kwperry

Level 3

I tried and failed. I attached Form 1116 Schedule B PDF attachment and unchecked the e-file diagnostic (a first for me) and e-filed the return. It was rejected.

Error F1116-004-02: If Form 1116, 'Form1116ScheduleB' must be attached to 'ForeignTaxCrCarrybackOrOverAmt' and 'ForeignlncmSection951Alnd' must not be checked.

A PDF attachment file is required to file this return electronically. The functionality of attaching the PDF attachment file "Form1116ScheduleB" is not currently available.

The functionality will be added in the future release. Please check form availability and wait until Schedule B (Form 1116) is in the product.

D

darocco

Level 5

You need to override the 2021 and 2022 carryover on the form 1116 worksheet and then override the carryover line in the calculation and input correct number. That will work. You need to wait until 3/31 update to be able to Efile.

IntuitBrittneyS

Level 4

Update: Form 1116 Sch B, Foreign Tax Carryover Reconciliation Schedule is now estimated to be ready for print on 3/10.

Although Form 1116 Sch B is not supported for e-file, you will be able to E-File returns with the 1116 Schedule B attached as a PDF, once that form is finalized.

For more information, please see our ProSeries Release dates page.

J

JWM

Level 4

ProSeries shows no errors ... is it now possible to also efile returns? Has the 1116 Schedule B issue been fully resolved?

K

kwperry

Level 3

I tried e-filing two with the updates and both were rejected.

Error Detail:
If Form 11~6, 'ForeignTaxCrCarrybackOrOverAmt' has a non-zero value, then a binary
attachment with description 'Form1116Schedule8' must be attached to 'ForeignTaxCrCarrybackOrOverAmt' and 'ForeignlncmSection951Alnd' must not be
checked. ·

Error Resolution:

"A PDF attachment file is required to file this return electronically. The functionality of
attaching the PDF attachment file "Form1116ScheduleB" is not currently available. The
functionality will be added in the future release. Please check form availability and wait
until Schedule B (Form 1116) is in the product."

Sign up

Login with SSO

Let's get you signed in

Login with SSO