@mpsingh08 first Namaste ji and not to worry. Generally Turbo is correct,
On form 1116:
Your total available credit is on line 14 ( current and carryovers ) Then it goes through to apply the limitation to make sure that the credit is ratiometric ( foreign income to world income ) and can never be more then your world US tax. -- this is on line 21
It then allows the lesser of the allocated foreign portion of credit ( line 21 ) and actual foreign credit available --- line 24. This is your credit.
If you have multiple 1116 then part IV summarizes all of these to get to your final foreign tax credit.
So not to worry.
However, I wonder why you went through all of this ( there is nothing wrong ), because depending on your filing status Joint or single ( MFJ / MFS) there is a safe harbor amount of up to $600 / 300 that you could have utilized without going through form 1116.
Rest easy -- Turbo has done its job ( unless of course I am missing something )
Namste ji
Is there more I can do for you ?
pk
