JDZ9
New Member

Deductions & credits

Greetings,

 

Form 8936, line 21 takes the credits from Schedule 3 and uses them to reduce the EV credit.  Given the foreign tax credit can be carried forward (at least that part in excess of $600 married filing joint), is there a way to not use a foreign tax credit if less than $600 on the 2022 return, carry it forward to my 2023 return, thereby increasing the 2022 EV credit by that amount?  Note, if this is doable my EV credit would still be under the maximum credit of $7500.  Have spent hours scouring IRS, Turbo and many other sites but am not seeing this specifically addressed. 

 

Thank you.