Hi Pk ji
Namaste. I had been using TurboTax for several years and I have not seen any carryforward amounts. There is no specific reason for trying to use form 1116 except for claiming credit to carry forward or reduce taxes.
Our filing status is married filing jointly. We are US citizens. The income on which foreign taxes paid are primarily from Dividends.
For reasons unknow to us we are unable to see the credit being applied or being carry forward as our foreign taxes are less than threshold and hence tried filling up form 1116
I am not sure about safe harbor option and not sure how to achieve it.
I would appreciate if you can please guide me on this.
Thank you.
