Does TurboTax carry over unused foreign tax credit to 2021 taxes?

[canishel]

I'm using Turbotax Premier CD. So far I have no taxes due.  Form 1116 is correct but it isn't entered on 1040. So how do I know if the credit is carried over?

[rogge1722 · Accepted solution]

If form 1040 line 16 is zero and you have completed the foreign tax credit interview, open the Federal Information Worksheet.  Scroll down to Part 6. The fifth paragraph is labeled  “Foreign Tax Credit (Form 1116).  Checkmark the box to file form 1116.

Then bring up the foreign tax credit comp. worksheet. Scroll down to the bottom to the carryover section and you should see the credit is carried over to 2021.

[canishel]

Genius. Thanks.