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Defining 1116 Form necessary to claim credits from 2016 to 2020
Starting in tax year 2016 through 2018 I have only claimed foreign tax credits for taxes paid, not carrying over the excess for each year. There is excess for each year mentioned. I want to correct his omission going forward.
How should I define the carry overs in my 2019 return? My biggest problem is properly coding the 1116 sequence needed.
I'm using TT premier desktop 2020. The taxes are passive income, RIC on a single 1116
Thanks for help,
ctmsnr
‎June 11, 2020
3:04 PM