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Deductions & credits
I edited my answer above: To calculate the Foreign Tax Carryover you take the Total Foreign Tax paid (line 9) - the foreign tax credit limit (line 21).
You can also look for Schedule B (Form 1116) if you have more than one year.
You will need to enter the amount that is from your Foreign qualified dividends and long-term capital gains.
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March 5, 2022
11:31 AM