Yes you can amend a previous year's return to include a foreign tax credit carryback. To amend a 2020 return, go to:
- Sign in to TurboTax.
- Scroll down to under Your tax returns & documents,
- Select Amend (change) 2020 return,
- Then Start amending my 2020 return.
- Then, select the reason you’re amending and follow the onscreen instructions.
Once you are back into you return, follow these steps listed by linaJ2020 in her Turbo Tax post.
- Open up your TurboTax account and select Pick up where you left off
- At the right upper corner, in the search box, type in "foreign tax credit" and Enter
- Select Jump to foreign tax credit
- Follow prompts
- On-screen Excess Foreign Tax Credit, select Learn More.
@hillelri
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