According to IRS 514 Pub, disallowed foreign tax credit from one year can be carried over.
https://www.irs.gov/publications/p514#en_US_2022_publink[phone number removed]
If you choose to take the foreign tax credit, and the taxes paid or accrued exceed the credit limit for the tax year, you may be able to carry over or carry back the excess to another tax year. (See Limit on the Credit under How To Figure the Credit, later.)
When I took foreign tax credit for 2023, the Turbotax software did not give me an option to carry over excess/disallowed credit amount. It only gives option to carry back. I do not want to carry back.
btw, I understand the calculation done for how much credit is allowed for the current year. So, the question is only about how do I ensure that excess is recorded as carryover in the TT software. I use TT premier desktop Windows 11 version.
The telephone support person asked me to go to a CPA. However, the IRS guidelines are stated above and this is about the software code question and not about the tax advice.
