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Can I combine foreign tax credit carryovers from different categories of income?
I have a foreign tax credit carryover from 2020 in the General Category of Income, due to a distribution from a Canadian RRSP. I have no carryover from Passive Category Income. This year (2021) I only have Passive Category income from foreign tax paid within mutual funds. In the Foreign Tax Credit interviews, it asks for carryover from previous years. Do I enter '0', since I have no Passive Category carryover, or can I add in the carryover from General Category income? I'm using Turbotax desktop, US citizen, living in US.
March 30, 2022
2:39 PM