Hello,
Now that I have completed the 2023 Amended Return to include the Foreign Tax paid and accumulated but was not imported through Turbo Tax soft ware. I lost over $ 1000 since the accumulation is capped at 10 years.
Since the updated form 1116 is in the 2023 Amended return and will be mailed by me next week, how do I go about amending my 2024 tax returned to include the updated information on Form 1116.
Please note that I already e-filed my tax returned and has been accepted. According to Turbo Tax, I am expected to receive my refund by May 01 - what should I do to get prepared. Hopefully, I can e-file my 2024 Amended tax return and not having to mail it like I did for 2023.
Thank you in advance to your response.
