The element 'IRS1116' in namespace 'http://www.irs.gov/efile' has invalid child element 'ForeignTaxCrCarrybackOrOverAmt' in namespace 'http://www.irs.gov/efile'. List of possible elements expected: 'ResidenceForeignCountryCd, ForeignRegulatedInvestmtCompCd, ForeignIncHighTaxedKickOutCd, ForeignTaxCreditSource, IncomeFromForeignSourceTypeCd, IncomeFromForeignSourceTxt, TotalForeignGrossIncomeAmt, AltBasisCompensationSourceInd, TotalDeductionOrLossAmt, NetForeignTaxableIncomeLossAmt, ForeignTaxesPaidCreditInd, ForeignTaxesAccruedCreditInd' in namespace 'http://www.irs.gov/efile'.

CCH Axcess™ Tax
CCH® ProSystem fx® Tax
1041
Form 1116

Full Schema Text

Resolution

1. Go to the Credits > 1116 - Foreign Tax Credit worksheet.
2. Select Section 1 - General. 
   • In the grid for Line 4, enter the Foreign country code - Required.
   • In the grid for Line 11, enter the following:
     • Foreign country code - Required.
     • Income Type.
     • Date Paid.
3. Calculate the return.

NOTE: You have to do this for every occurrence of the worksheet section. If you have HTKO represented on the government Form 1116, we add a second occurrence of the worksheet and it needs the same data keyed in as well.

A diagnostic will be added on a future release.