Deductions & credits

Hi Dave.  In turbo tax they list the form I am talking about as Form 1116 copy1.  This is the attachment that will be sent when i efile.  I am referencing Column A  where I list the country as Germany.  Line 1 A  asks for Gross income from the country shown above.  That would be Germany.  Re-reading the line, I believe I am right to just list that gross income.  Where I was getting confused was whether or not I had to list the CD Interest I got from India in column B on the 1116 form.  The point I tried to make earlier was that I dont believe there is a need to list this foreign income because the total interest amount was included in my 1099 INT total already.  So I dont believe I have to show this on form 1116 since it will be taxed from the 1099 INT total downloaded from the brokerage.

Hope I explained it better but I think this is what you meant in your last message.  

Lastly, If I am unable to use any of the foreign carryover, if I understand you correctly, the oldest would just drop off each year.  Do I understand this correctly??

Rick