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Deductions & credits
Sorry to reply so delayed but I appreciate your reply. I do have another associated question. If I utilized more than the foreign taxes paid in a given year, and the previous year was "fully utilized", should I increase the utilized amount going back two years. I know it is a running total for 10 years, with each new year dropping the earliest year, can I even "utilize" a year going back 5 years or just the "previous" year?
‎April 1, 2022
11:04 AM