This will be the first year in a while that I won't be using FTC. I've used FTC every year for the past few years. What do I need to do to preserve unused credits from previous years, if anything? Do I still need to file a Form 1116 and take active steps to save unused credits? Or can I hold off on Form 1116 this year, but file it as required in future years (provided the credits haven't expired by then)? Is there a scenario where I would forfeit unused credits completely, e.g. if I didn't file a Form 1116?
