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Get your taxes done using TurboTax
Everything looks OK on form 1116. The balance of foreign tax paid $750 and foreign tax credit $250 can be carried back to 2021 or carried forward into 2023 taxes. For some mysterious reason IRS doesn't always allow full tax paid to be the tax credit allowed. The date 12/31/2022 is correct.
March 19, 2023
2:16 PM