You can enter the foreign tax credit carryovers in the Step-by-Step interview. Go to:
- Federal Taxes
- Deductions & Credits
- Estimates and Other Taxes Paid
- Foreign Taxes
OR
In the Search box type "foreign taxes" (without the quotes), then click the link that says "Jump to foreign taxes."
On the screen that says "Tell Us About Your Foreign Taxes," DO NOT check the box that says you have no carryovers. After some questions about the foreign tax credit for the current year you will come to a screen that asks if you have any carryovers. If you click Yes, the next screen will give you a place to enter the carryovers, year by year.
If you prefer to use the forms, the worksheet you are looking for is not called Form 1116 Worksheet. It's called Foreign Tax Credit Computation Worksheet. Go to forms mode and click the Open Form icon. In the form search box type "foreign tax" (without the quotes). In the selection list, under Form 1116, you will see Foreign Tax Credit Comp Wks. Carryovers are entered in Part III near the bottom of the worksheet.
