Deductions & credits

Thanks for the reply, ssffnn. I'm using TT online, and I'm not able to see the forms without paying for this year's TT first. I'm hesitant to do so until I'm pretty sure that TT handles carryback and carryforward appropriately, because if it doesn't, I'll use a CPA--the instructions for Forms 1116 are too confusing for me!

 

So for your response or anyone else's, are you sure that TT correctly fills out the appropriate 1116? And since I had the foreign tax paid for 2022 taken as a credit easily without that form (I'm now retired, so work wages in 2022 were replaced by passive investments in 2023, so the passive foreign tax had plenty of non-passive income for 2022), I'm hoping TT will tell me if I can do the carryback calculation. Any other thoughts?

 

Again, thanks for your time and helpful suggestions.