Thanks for the responses, however it does not appear to work in my situation.
Since I have paid no taxes in 2025 and owe no taxes in 2025, I cannot use my foreign tax credits and want to complete form 1116 to carryover those credits to 2026. My Schwab 1099-DIV does not ask me to complete box 8 and disclose my foreign dividends included in the 1099. Since it does not ask me to breakout on my 1099, the foreign tax credit section does not ask me any questions and it just says I am not eligible to use the credit and no Form 1116 is prepared.
Only when I add another factitious 1099-DIV and report additional factitious dividends and foreign taxes and now own federal income taxes does it ask me to breakout the foreign dividends earned on this fictitious 1099 and now also the real Schwab 1099-DIV. With this factitious additional income, I do get the additional questions in the foreign tax credit section and I am able to breakout foreign income and it appears get Form 1116 completed successfully.
But of course, when I delete this factitious 1099-DIV and just report the real Schwab 1099-DIV, I no longer get the foreign dividend question on the 1099 and the foreign tax credit section does not ask me any questions and it just says I am not eligible for the credit and no Form 1116 is prepared.
So how do I get a form 1116 prepared based upon the above situation for my foreign taxes paid on my Schwab 1099-DIV and carryforward unused foreign tax credits?
