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How to change the category of FTC that was incorrectly assigned in the previous tax return?
Last year I used a CPA to complete our 2022 tax return. Upon review it became clear that an item in foreign tax credit (FTC) was incorrectly categorized under "general" instead of "passive". I am completing our 2023 return using TT at the moment, and I would also like to correct this error while I am working on our return. I would appreciate it if you could point me in the right direction on how to correct the category allocation of the mentioned FTC. Will this require filling an amendment for our 2022 return? Thanks.
‎September 15, 2024
5:38 PM