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Deductions & credits
I have foreign tax credit from previous years. For the current year, I have foreign income that i am reporting and including US tax, however I paid less tax in that foreign country. Turbotax still does not take the previous year's unused tax credit to enable to me take full tax credit against what I am paying as tax for the foreign income . The column has 0 values although I have entered the used credit amounts in the right places - it shows the right amt as unused but shows 0 as carry over amount to be used for current year. Any help on how to fix it would be great.
March 21, 2021
12:27 PM