I am on Premier DESKTOP.
I imported 1099s & am currently working on my Foreign Tax Paid Credit (do not want Deduction.)
Foreign Dividends were $3,700 & Tax Paid $631. When I went ito Forms Tab, 1116 showed a Carry Back (???) & a Carry Forward which make no sense. I have never had that before, and every year my Foreign Dividends & Tax Paid have always been almost exactly the same.
I am quite certain I have not exceeded the maximum & I certainly havn't requested Carry Forward or ESPECIALLY NOT Carry Back bc I don't want to do an Amended Return for 2024!
Something has gone haywire IMO. Do I have to start from scratch after almost finishing my Return or can I fix this problem? Can I fix it in the Form itself or is there a way to get back to the Foreign Tax Credit under Deductions & Credits and correct whatever has gone wrong? Never happened in over 10 years with Fidelity, so I'm not sure what happened.
Wouldn't it be nice to be able to see the form that was imported to make sure that it matches the physical (electronix) 1099 that was issued?
