2479402
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I stop filing form 1116 as I no longer wish to receive FTC?

I filed form 1116 last few years but could not use credit. Can I stop filing form 1116 even though I have carryover? As I leaned how to request refund of overpaid tax to the country I paid tax, I do not need to request FTC.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
RobertB4444
Expert Alumni

Can I stop filing form 1116 as I no longer wish to receive FTC?

Yes.  The IRS does not require you to take every credit that you are entitled to.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I stop filing form 1116 as I no longer wish to receive FTC?

yes, but in future years should you be able to use the credit, any FTC carryover is lost.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question