DaveF1006
Expert Alumni

Deductions & credits

Yes, you have the option to carryback some of the excess foreign tax credit in 2022, or carryover for the next ten years starting with Tax year 2024. . If you decide not to carryback your excess credits in 2022, the program will carry forward your credits for ten years by default.

 

Let me know if this answers your question.

 

@skyfx 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"