2020 was the first year I used Form 1116. TT says my 2020 return showed that I decided to use AMT adjustments to determine my taxable income on the Form 1116 I filled out for AMT purposes. I now need to continue to use this method. I do not recall doing this, but do recall being confused by the question last year.
My 2020 Carryover worksheet shows that I "utilized" some of the AMT carryover for the Foreign Tax Credit. How did I use it if I didn't have to pay AMT? How did it calculate this number? And what form does this show up on? I have to use form 1116 again in 2021 and again do not owe AMT. How do I calculate this carryover?
