After editing my 1099-DIV with foreign income and taxes paid declared by $1 (less), I fill out the carryback input (either AMT carryback from 2025, or regular), but the tax credit is not applied -- I see amount due of $1 for the amended 2024 federal return when carryback is from AMT, and an amount due of >$180 if the carryback from 2025 is not AMT (less than the expected credit). I was able to switch the 2024 return to use the simplified AMT election for foreign tax credit. Is that the reason?
I asked the AI helper on the right sidebar of turbotax online, and got this answer:
"TurboTax Online primarily supports amendments with visible direct changes. For complex carryback entries that do not alter prior year amounts, specialized entries or forms might require manual review or using TurboTax Desktop for more detailed control.
This means you potentially could encounter limits in TurboTax Online for this specific carryback treatment without modifying the 2024 foreign tax figures."
Will try phone support today, but I have been trying adamantly for a week, and I may have to use H&R or another service, it is starting to look like.
