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Get your taxes done using TurboTax
Hello,
I think that your first statement is in error, at least for the TT desktop versions. Here is what TT generated for my 2019 return:
So it would appear that TT desktop is keeping track of the carryovers. I would hope that the online versions would do the same.
On my 2019 1040 there is NO line 31. Form 1040 stops at line 24. On schedule 3 line 7 shows $332.
So I guess my question is why is my foreign tax credit piling up and not being completely used? For 2015 and 2017 I might have had a zero tax liability but in the other years I am pretty sure that I wrote a check to the IRS.
March 10, 2021
8:07 AM