Thanks -
I have $919 in foreign tax credit and have a much large carry-forward for investment interest expense deduction (i.e., it does not relate to the current year activity and actually arose from my spouse's 2016 return (Form 4952) when she filed separately before we married). TT has this carry-forward amount for inv interest exp in to the Form 1116 worksheet on line 4b(1)a "Investment Inc Exp". The carry-forward does not relate to the investments we currently have. I now have calculated an estimate of the foreign part of our total investments at 12/31/19 values so I am planning to use that for the input on 4b(1) b and c. It will calculate to about 13% foreign mix. Is that the right approach?
