@ChampChiran
Unfortunately, I only found your June 2019 answer today and my taxes were already sent off last May.
I still have the same problem this year. In 2018, I had to pay full US taxes since I had $0 taxes in Germany to offset with. I filled out form 1116 for Interest+Dividend+Rental Passive Income and SchE for rental income, which resulted in a loss. On 1116, I entered rental income and expenses which I think is required.
You said reporting on 1116 was incorrect: You do not report gross income and expenses on form 1116.
In any event, I had $0 taxes to credit with and I had $2938 passive tax credits summed from 2012.
I couldn't use any carryover because of $0 Foreign taxes.
In this year 2019, I have $2238 foreign passive taxes additional minus $574 passive taxes utilized and plus $2938= $4602.
How can I carryback my passive taxes from 2019, $1664 available- I need $623 for 2018. I know I need 1040X, but I can't redo 1116-2018 since Turbotax didn't take the original carryfoward of $2938. I carried over 2018 Turbotax info into 2019, but it didn't carryback anything to 2018 and generate needed forms.
Or should I really redo 2018-1116 and not enter rental income and expenses???
I hope you have access to our exchange from June 7, 2019 3:18 PM.
Thanks for you help or anyone else who can help.
