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Ben58
Returning Member

Foreign tax credit carryover

Hi,

 

In previous years I had foreign income for which I got credit and also had carryover for this year (2021).

However, in this year I didn't have any (general category) foreign income, so my understanding I can't use the carryover from last year. Is that correct?

 

I don't expect to have any general category foreign income in the next few years.  Is there still a way I can use this carryover?

 

Thanks for your help!

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1 Reply

Foreign tax credit carryover

you are correct each category stands on its own. 

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