I have a net foreign profit on my foreign rental property of 6000 dollars that I payed taxes on in foreign country, but due to the calculations on form 1116 ( it does the calculations with Gross income, and allocates percentage / 50% of my standard deduction to this profit which completely eliminates the possibility of being used this year) my foreign tax credit can’t be used this year but is being forwarded to next year. Does anyone experienced that kind of situation, or is this some calculation error of Turbo tax software.
