Foreign tax credits have a 10-year carryforward life. This means any excess credits generated in 2015 expire at the end of 2025.
Prepare your 2023 and 2024 amendments to determine what the carryover amounts are after each year. Then prepare your 2025 return and report those carryover amounts for 2023 and 2024 in the carryover screen on your return. Then immediately file your 2023 and 2024 amendments.
If they process your 2025 return first and see a carryover that doesn't match their old 2024 record, they might send a notice. However, once they process the 1040-Xs, the records will align.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
