DaveF1006
Expert Alumni

Deductions & credits

it depends. Since, you did not have a Foreign Tax Credit, delete the 1116.  Keep track of your carryovers however and report these whenever you are claiming a foreign tax credit again in future years.. For carryovers, you can go back one year, to claim the carryover and then you have 10 years to claim the remaining carryover losses.

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