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FORM 1116 In which line should be the amount of "unused" credit I can carryforward next year?
I have a foreign income foreign taxes paid.
But I can't use the credit this year because I have a (overall) loss.
i know i can carryforward the credit for 10 years. But where should be the "unused" credit stated?
But I can't use the credit this year because I have a (overall) loss.
i know i can carryforward the credit for 10 years. But where should be the "unused" credit stated?
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March 17, 2021
4:06 AM