- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If I have a carry over( ex.200$) for 2018 and I f I do not want to input ( and skip) the figure (in Line 10 ) of F1116 in 2019 return,can I still claim the again ( line 10) F1116 in 2020 return?
Or
since I have not provided this carry over info' input in 2019 F1116 line 10, do I Iose this benefit of imputting in 2020 return(form F1116 line 10) and once for all forego this 200$ carry over benefit.
(It is not clear from instructions of line 10 F1116 and where general info' says if you do not file form F1116 you lose using carry over but I I will be Filing F1116 for 2019 but not using carry over --since Credit allowed will be zero for 2019 any way).
Thanks for any clarification
‎October 1, 2020
2:20 PM