@form8606 , since you are using Windows download 2024 Home & Business,
(a) On the top ribbon right hand side, click "forms"
(b) Screen now shows two panels -- left hand side shows all the forma in your return, both federal and State.
(c) Under the federal forms you will see form 1116 followed by one that says "1116 comp works." Select this
(d) You will now see the , in the right panel the worksheet with the heading "Foreign Tax Credit Computation WorkSheet" This is where you will find any carry-over from all years prior . It should also show what the amount of "allowable FTC " for the current year and any available for carry back or forward.
Note that to use any of the credits available, in a tax year, you also must have foreign source income in that tax year. And of course the same limitation rules for form 1116 will still apply.
Does this help ?
