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Deductions & credits
I'm waiting to e-file until tomorrow hoping all is fixed by then. But I wanted to point out, at least in my case, that I had to manually re-enter all the previous years' Foreign Tax Credit Carryovers into the worksheet/interview section. Otherwise, the Form 116 Schedule B and Foreign Tax Carryover Statement to be filed will be blank/zero. Normally, that Carryover Statement used to repopulate automatically from year to year. I assume leaving it blank might affect future attempts at utilizing the remaining credits.
March 11, 2022
10:01 AM