DaveF1006
Expert Alumni

After you file

No. If you are unable to use your full carryover this year, to claim your full allowable foreign tax credit for 2024 (up to the limit of your tax liability), the carryover will remain untouched until it expires. You need to have future passive income to be able to use the carryover, if the need arises. 

 

@vsundar 

 

 

 

 

 

 

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