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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.
March 4, 2022
8:53 AM