I am not sure what you mean by entering the interest as total foreign income. If you are referring to listing this as other Gross income when working in the Foreign Tax Credit, then no, you will not list this. This won't double your taxable income but would affect the calculation of your foreign tax credit.
Foreign tax carryover's can be carried back one year or carried forward for the next ten years. If you are unable to take advantage of them by offsetting these with foreign income, they remain until they drop off.
@Rick9464
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