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Get your taxes done using TurboTax
After a lot of clicking I managed to coerce a 1116 form from turbotax. As expected FTC is $0. So I have excess foreign taxes of the foreign taxes paid amount. But why doesn't Turbotax generate the carryover? It says the foreign taxes paid were utilized, sets $0 for carryover, but leaves and editable field for carryback. Can someone help please? I've spent way too much time on this and it should be allowed to be carried forward as far as I can tell.
‎April 11, 2023
2:12 AM