Oh I am confused now. Forms 1116 takes so much time and energy away from me each year. My carried foreign credits are not only on the AMT but I rather abandon all of my built up credit from past years and will be released from so much headache for the future.
Can I actually do that?
I wish I could but I thought I am already stuck in 1116 for AMT purposes forever (Not option to choose Simplified methods) because I claimed Foreign Tax Credit with form1116 AMT purposes method in the first year, 2014.
Am I misleading English?
