Anonymous
Not applicable

Form 1116 FTC Part 2 “paid or accrued” selection

All my previously filed returns [Form 1116] had PAID selected. Can I change going forward to ACCRUED?

Seems cleaner to match up Foreign Taxes paid to the same year they occur (Accrued method) versus taking the credit in a future unrelated year (PAID). If I understand it right.

 

Respectfully,

CEM2