Deductions & credits

It sounds like the new Foreign Tax Carry Forward Schedule B  (available March 31) is going to sort out the various categories of foreign income to potentially adjust the carry-forward amounts.  

 

It also seem that if all the carry-forward is due to exactly the same situation (e.g. foreign tax held at source for foreign dividend incomes from a fund say offered by Vanguard) the results will be the same.

 

But I can guess that if, say, you had both foreign eared income and foreign dividend income the carry-forward might change.