Ah, yes. I can see that having foreign tax credits that you have not yet utilized is a good reason to file 1116 forms. But if you are continually carrying a credit without being able to use any of it it, I wonder if you have been missing something.
Now if the carried foreign tax is only on the AMT, and you don't expect to be paying AMT in the future, can you just abandon that credit? I really don't know.
Not saying that you are missing something. I stumble and suffer through 1116 forms each year.
