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