Form 1116 I have carry forward amounts from year 2017-2019. I had no foreign tax for year 2020. Why didn't some amount from the previous years be deducted this year?

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I have approx $1020 foreign tax credit carryover and AMT foreign tax carryover of $808. Nothing carried over. I'm confused

TurboTax Online

rogge1722

Level 10

The reason you have no foreign tax credit is because you paid no foreign taxes for TY2020.

From Pub 514:

"You cannot claim a credit for unused foreign taxes in a year to which you carry them unless you also claim a credit for foreign taxes actually paid or accrued in that year."

DaveF1006

Alumni - Intuit

Rogge1722 is correct. Here is an IRS link that confirms his/her position.

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Form 1116 I have carry forward amounts from year 2017-2019. I had no foreign tax for year 2020. Why didn't some amount from the previous years be deducted this year?

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