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According to the IRS instructions, found here: https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-how-to-figure-the-credit
You will not be subject to the foreign tax credit limit and will be able to claim the foreign tax credit without using Form 1116 if all of the following requirements are met.
If you make this election, you cannot carry back or carry over any unused foreign tax to or from this tax year.
According to the IRS instructions, found here: https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-how-to-figure-the-credit
You will not be subject to the foreign tax credit limit and will be able to claim the foreign tax credit without using Form 1116 if all of the following requirements are met.
If you make this election, you cannot carry back or carry over any unused foreign tax to or from this tax year.
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