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Form 1116 errors 55350 & 55410

tkettlercpa
Level 2

Did something happen to the Form 1116 calculations in the last update? I have a carryover from prior year and can not get the 55350  & 55410 errors to go away. Checked the box 1099 tax, changed the country to other Country  and the warnings do not go away. 

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5 Replies 5
sjrcpa
Level 15

It is entirely possible that the update messed something else up. What do the errors say?


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tkettlercpa
Level 2

e-file Form 1116, Part II Foreign Taxes Paid or Accrued, Line I must have a a date paid or accrued or 1099 taxes.  Checked the 1099 taxes and the error doesn't go away

ef-file Form 1116, Part I Taxable Income or Loss From Sources outside the US, Line i must either have a name of the Foreign Country or the US Possession. I put in "Other Country" based on earlier discussions. These are mutual funds plus I have a carryover - error isn't going away. 

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sjrcpa
Level 15

Did you enter a date paid?


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tkettlercpa
Level 2

Yes and change the country to other - the error message is not going away

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tkettlercpa
Level 2

Determined that is was coming from the carryover. Ended up removing the carryover and the message went away. I think it is a program issue, but in this case the carryover was pretty small.