@pk thanks for offering to help. I am seeing TT behavior similar to what @BME has reported.
My situation:
1. I had about $350 foreign taxes paid that I reported on 1099-INT bank interest (though bank never sent an actual 1099-INT, that is how I reported it)
2. I am MFJ so TT told me I can claim $350 without needing 1116
3. However, for me, Form 1040 Line 16 has $0 since I do not have a tax liability. So then TT computed my FTC to be 0.
TT did NOT offer to carry-forward the $350 foreign interest to my 2024 return. At this point I have already filed my TY2023 returns without Form 1116 and with $0 in FTC.
So I have the same questions as @BME , viz.
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Tell me, please, if possible: Is there some OTHER way I should have entered the foreign taxes & related interest, such that the program would, in fact, "see" the pertinent figures, apply the pertinent safe harbor, and generate the correct FTC and related carryover?
Also, if this really is just a bug in the software, then, getting practical ... from a Ttax standpoint, how would you handle 2024 prep if you had to include an FTC carryover that the program missed in the prior year?
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