MarilynG1
Employee Tax Expert

Deductions & credits

@revbling If you didn't claim a Foreign Tax Credit in prior years, you are correct that you can carryover the amount for 10 years.

 

However, deduct the amount of the refund of foreign tax you received from the amount of Foreign Tax Credit you claim on future returns. 

 

Click this link for more info on Foreign Tax Credit Carryover.

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