This article will help you enter foreign tax credit carryovers, resolve diagnostic ref. #56669, and attach Form 1116 Schedule B as a PDF for e-filing.
How do I attach this PDF for e-filing?
- Go to the File Return tab.
- On the left-side menu, select Partial Print.
- Check the box for 1116 Sch B.
- Press Create PDF, then click Download PDF.
- The PDF will open in a new tab where you can save it. You may want to rename or move the downloaded file so you can easily identify it on your computer later.
- Go to the Input Return tab.
- On the left-side menu, select General.
- Click on Electronic Filing to expand.
- Select the e-file PDF/Miscellaneous screen.
- Click on the e-file Attachment hyperlink at the top right of the input.
- Press Attach PDF to open your computer's file browser and locate the file.
- In the Link to form drop-down, select 59=Form 1116 Schedule B.
- Make sure that "Send PDF attachment with federal return?" is set to Yes.
Note: The PDF attachment must be linked to the appropriate form in order to clear diagnostic reference #56669 and successfully e-file the return.
Where do I enter foreign tax carryovers for Schedule B?
ProConnect will automatically proforma, or roll over, prior year carryovers to next year's tax return. Follow these steps to enter a foreign tax credit carryover if your client's previous return wasn't filed through ProConnect.
- Go to the Input Return tab.
- On the left-side menu, select Credits.
- Click on Foreign Tax Credit (1116) to expand.
- Select the Foreign Tax Credit C/O (1116) screen.
- Enter the regular tax carryover amounts in the applicable fields.
- On the left-side menu, select Foreign Tax Credit C/O - AMT (1116).
- Enter the AMT carryover amounts in the applicable fields.