Level 2

Question

Form 1116 Schedule B prevents e-filing

Forum|Forum|4 years ago
March 3, 2022
10 replies
43 views

Supposedly, form 1116 was going to become available on (today 3 March). However, the new schedule B does not seem to available so effectively if you have any carry forward foreign tax credits you cannot e-file. Is there any way around this? For example by attaching a PDF version of Schedule B?

ProSeries Basic

This topic has been closed for replies.

GodFather

Intuit Community Champion

Maybe it's best to wait until the end of today to see if the form is updated? The form update day is March 3.

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catherine11

Level 4

March 4 - CANNOT E-FILE Form 1116.

"Schedule B" update - 31 MARCH

DRAKE'S Form 1116 is e-filing just fine, apparently.

Just-Lisa-Now-

Intuit Community Champion

The days not over yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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taxprocommunitymember1

Level 5

The March 3rd, 2022 date was for the main 1116, but if you need a Schedule B - there was no specific date given. Attached is a screenshot of the message - which indicates NO SPECIFIC UPDATE date.

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taxprocommunitymember1

Level 5

Just noticed on their latest forms availability page that Form 1116 Schedule B will NOT be available until 3/31/2022 and will mean that you will NOT be able to eFile!! (Neither on the Basic nor the Professional Proseries).

Drake Software seems to be ahead of the game on this - as they have this sorted out already. What's going on with Intuit Proseries??

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AubreyB22

Level 2

Just received this response from our ProSeries rep...this is beyond unprofessional to say it would be available 3/3 only to find out on March 3 that the new Schedule B (which impacts every taxpayer with FTC carry forwards) won't be available until March 31...but this reads as if schedule B will not have efile option at ALL...

I wanted to follow up with you regarding your inquiry of about 1116 Form Schedule B. I reached out to our Specialists and was informed that the following link provided below, shows 3/31 for the 1116 Schedule B. EFile will not be supported- so returns that have 1116 Schedule B in ProSeries are paper file only. Just to provide some clarity each product, even within Intuit are approved separate by the agency, which is why you may notice Lacerte releasing a form before ProSeries and vice versa. I understand how waiting on a form can be extremely frustrating for your firm. I just want to assure you that our teams are working around the clock on getting these out to our customers and we have no incentive not to release as soon as they are approved.

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AubreyB22

Level 2

Follow up from ProSeries rep (which is NOT acceptable...)...

"I was informed from our Product Specialists that EFile will not be supported for 1116 Schedule B form. All 1116 Schedule B in ProSeries are paper file only. If you do have any further questions regarding how to file this return, please contact our Technical Support team and they would be able to assist you in better detail."

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taxprocommunitymember1

Level 5

Utterly disappointing. Left in a lurch - this late in the filing season. E-filing essential, especially with pandemic, impossible to get through to the IRS, so, unable to check status on returns, as most online tools for taxpayers are not available for Americans abroad. At least if you e-file, fast, and you have confirmation of e-filing.

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rick-hunter

Level 3

Unbelievable. I posted my same frustration earlier today on the ProSeries Support Group on Facebook. Here's one response I got from another user:

"Here is what I did. Go to 1116 Comp worksheet enter the carryover amount in disallowed column, error goes away. Lose the carryover for current year but maybe can be re-entered in a later year and hopefully form can be e-filed then. No way I am waiting until 3-31 to file a return by mail for a small carryover. Just my 2 cents."

I'll have to think about the risk that the IRS won't like me re-entering it in a later year.

BTW, I just found on the IRS website that the PDF of Schedule B was issued last December. So why isn't it available for efiling?

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cpatrina

Level 4

Great practical solution!

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rick-hunter

Level 3

What do you think about this idea? Create a PDF of the Foreign Tax Credit Carryover Statement, which still prints out. Attach the PDF to the tax return. Then in ProSeries enter the carryover amounts in the disallowed column to make the error go away.

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BethP

Level 4

I completed the 1116 sch B on pdf, attached to tax return and labeled "other" "Form 1116 sch B"

I entered negative figures to zero out the carryforward on the proseries worksheet, which is just a worksheet and doesn't go to the IRS.

After I efile, I will go in and delete the negative entries. When proseries adds sched B, it should autopopulate and carryforward correctly to 2022. If Proseries can be counted on.

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poolcleaner

Level 8

I have done the same. Just follow the errors and override the carryover totals. I did not enter a negative number here. Zero worked and is quite easy to reverse. The ones I have filed have been accepted. In most cases this will have no effect on the amount of the credit.

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AubreyB22

Level 2

Just got this note from my Intuit rep:

"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."

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catherine11

Level 4

31 MARCH is INSANE!!! TOO LATE IN THE SEASON

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sclark99

Level 2

This is a big problem!!!!!!!

I hope Pro Series is aware how much trouble this is causing.

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catherine11

Level 4

31 MARCH is next UPDATE

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MelissaL

Level 4

This was posted on Proconnect discussion thread on 3/7/2022:

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.