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Deductions & credits
Madame --
Thanks for your speedy response! For 2021 I had no foreign source income. Does the tax law say that one cannot utilize foreign tax credits from previous years unless one has foreign income? I have always been under the impression that if the credits were not fully used in a given year that they would be carried forward to be used in future years, regardless of income source.
GB
Houston, Texas
March 10, 2022
7:13 AM