izw0411
New Member

How do I know if I've elected or chose not to elect the simplified foreign tax limitation for AMT purposes in the previous years or not?

I had my taxes done by a CPA last year. It seems like they created two 1116 forms. FORM 1116 FOREIGN TAX CREDIT CARRYOVER / CARRYBACK FORM 1116 ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT CARRYOVER/CARRYBACK