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Deductions & credits
It depends. If you are using the Windows or Mac-installed version.
- Switch to Forms Mode (click the "Forms" icon in the top right).
- In the list on the left, click Open Form.
- Search for Form 1116 for the General Category.
- Look for Schedule B (Form 1116). This is the specific schedule the IRS introduced recently to track carryovers.
- Manually enter your carryover amounts in the appropriate year columns. This "forces" the form into your return without needing any entries in the "Wages & Income" interview.
If you are using the online version, you have no access to the forms. Instead, you would enter this differently to force the Form 1116 and Schedule B (Form 1116) into your return.
- Go to federal>deductions and credits>estimates and other taxes paid
- Click Start or Revisit next to Foreign Taxes.
- When you get to the country summary, select "RIC" (Regulated Investment Company) from the dropdown
- On the screen that asks for income and taxes, leave them both as $0 (or blank).
- Proceed to the "Foreign Tax Credit Carryovers" screen and enter your 2022, 2023, and 2024 amounts.
By entering $0 instead of leaving the section entirely, TurboTax should recognize that a Form 1116 calculation is "in progress" and generate the form to track the carryover.
Let us know if this works. If you use the software,
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‎February 17, 2026
10:30 AM