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Deductions & credits
It might be that you weren't able to claim the foreign tax paid this year and there may be a carryover into next year. If you can't claim a credit for the full amount of qualified foreign income taxes you paid or accrued in the year, you're allowed a carryback and/or carryover of the unused foreign income tax. You can carry back for one year and then carry forward for 10 years the unused foreign tax.
Look in your tax return and see if there is a 1116 worksheet, Look at the bottom of the sheet to see if there is a carryover amount listed in Federal Tax Credit Carryovers in 2020.
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March 17, 2020
4:25 PM