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I am having an issue filing my 2024 tax return. When using form 1116 to offset foreign taxes, the program does not show a credit (FTC = 0), Why?
although I successfully used this credit for foreign taxes paid last year.
why is the tax credit not being taken into account this year? I also need to make sure that the balance of the $9 carried forward to 2024 was accounted for correctly.
‎February 21, 2025
3:46 AM