During the interview, I completed the information on prior year Foreign Tax credit and AMT carryover with the following amounts.
Regular Tax Foreign Taxes: 30 and used 28 (which left a carryover of 2)
AMT Foreign Taxes: 30 and used 19 (which left a carryover of 11)
However, the carryover statement shows:
Regular Tax Foreign taxes: 30 and used 16, leaving a carryover of 14, which has pulled through to Form 1116
AMT Foreign Taxes: 30 and used 11, leaving a carryover of 19.
I have no idea where the 16 would have come from for Regular Tax Foreign Tax utilization. How can I get it to correctly show carryover of 2 instead of 14 on Form 1116?
The AMT Foreign Tax seems to have the numbers flipped.
Why do the final forms not reflect the numbers that were entered during the interview?
