pk
Level 15
Level 15

Deductions & credits

@steiny1227  while I am not familiar with the screens of TurboTax online, my understanding is that this is pretty similar to download version ( I have Home & Business version and it is up to date ), And therefore I venture to ask you for details of the situation -- what I get from your posy is  that

(a) you are a US person ( citizen / GreenCard / Resident for tax purposes )

(b) you had some foreign tax credit in the year 2021 which you reported

(c) in 2022 you have also some unallowed  foreign tax credit ( limited by form 1116  ) and therefore want to amend  return for 2021 to use up some of this  2022 unallowed  foreign tax credit.

Please confirm that this is the gist of  what you are trying to achieve.  Can you please tell me more about the following : 1. is your 2021 foreign tax credit form 1116 already limited  i.e. you had carry over from earlier  and/or you had unallowed due to 2021; 2. what is the source of your foreign source income ( wages / self-employed / passive or what ); 3. which country; 4. is HTKO involved ?

Please respond  and either I will help or ( if beyond my ken ) page another user

 

pk