Deductions & credits
To access the foreign tax credit carryover screen in the program, here are the steps below. You would need to adjust the amount if needed.
- After sign into your account, select Pick up where you left off
- At the right upper corner, in the search box, type in foreign income and Enter
- Select Jump to foreign income
- Follow prompts
- On screen, "Foreign Tax Credit Carryovers", enter your 2019 amounts
- See image below
If you paid foreign taxes, but didn't use TurboTax, you may need to fill in the foreign tax carryover information within TurboTax using your prior year return. If you used TurboTax last year and paid foreign taxes, the amounts for Foreign Taxes and Amount Used are probably already filled in for you. However, in either case, you might need to adjust the prior year entries as carried over in TurboTax, or reported on a return not prepared in TurboTax.
The most common reason to adjust these amounts is if your Filing Status has changed. If you filed jointly with another person last year, but not this year, you may need to remove any credits belonging to the person you filed a joint return with last year. If you are filing a joint return this year with a new spouse, you may need to add credits that belong to your spouse.
