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How do I have Turbo Tax to auto fill the carry overs from last years return to the current return?
I am working on my tax return. I am trying to work on foreign income credit carry over. Turbo Tax did not update the 1066 Schedule B with the numbers from last year. How do I proceed? If I have leftovers from last year to carry over, how do Iadd them? This year's TurboTax gives me a 1166 Comp Wks, instead of 1166 Schedule B. It gives me 4 columns for each prior year (a) Foreign Taxes, (b) Adjustments, (c) Utilized, (d) Carryover. Last year's 1166 Schedule B has 5 years worth of carry overs, last year and 4 previous ones. How do I proceed? What is the max carryover I can claim? Do I adjust until I am satisfied with the amount shown on my Fed return? Thank you.
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‎April 8, 2024
2:42 AM