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Deductions & credits
From pub 514:
If, because of the limit on the credit, you cannot use the full amount of qualified foreign taxes paid or accrued in the tax year, you are allowed a 1-year carryback and then a 10-year carryover of the unused foreign taxes.
In your case that would be $100 of unused foreign tax paid.
March 20, 2022
9:55 AM
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