alsn
Level 4

Get your taxes done using TurboTax

I could not/did not use foreign tax credit in 2020 and because my return was rejected by the IRS, I deleted form 1116 before resubmitting (I believe, based on the suggestion on this forum). However, I have a carryover from 2020 which I can and want to use this year. Will this be an issue? I have printed and saved the Foreign Tax Credit Computation Worksheet for 2020 for my records and will have to manually enter carryovers from 2018, 2019 and 2020.

PS. This is getting really frustrating, and I wish I had not invested in foreign funds in the taxable account :(