ThomasM125
Expert Alumni

Retirement tax questions

I made some entries and didn't have any trouble. I entered $10,000 of foreign income and $10,000 of unused foreign tax credit from 2013 and received a $1,723 foreign tax credit. Does your foreign credit carryover screen and form 2116 look similar to these screen shots? It is possible you are entering the foreign taxes listed in the first column into the Amount Used column by mistake. The amount used is the amount of the credit from the previous year that was used in that year, not the amount you want to use in the current year.

 

 

 

 

 

 

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