HelenC12
Expert Alumni

Deductions & credits

The Form 1116 Sch B Foreign Tax Carryover Reconciliation Schedule will be available sometime after March 11, 2022.

  • Per IRS: Schedule B (Form 1116) is used to reconcile your prior year foreign tax carryover with your current year foreign tax carryover. Taxpayers are therefore reporting running balances of their foreign tax carryovers showing all activity since the filing of their prior year income tax return.

 

 

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