This is giving me a headache. I have been doing ROTH conversions since 2022, so my income/taxes due are quite high.
In 2021 my foreign taxes paid on (general category) foreign income was $1712 of which I was able to use $955 as a foreign tax credit. My 2021 c/o was $757. Done by CPA.
In 2022, (starting ROTH conversions) my foreign taxes paid on (general category) foreign income was $1713 of which I was able to use $2192 as a foreign tax credit. My 2022 c/o was $278. Done by CPA.
In 2023, (continuing ROTH conversions) my foreign taxes paid on (general category) foreign income was $1749. I am now using the online version of TurboTax Deluxe.
On the TurboTax Deluxe online page called [Foreign Tax Credit Carryovers] what do I enter in columns one and two of 2021 and 2022?
(depending on what I enter, I either get a foreign tax credit that's hundreds of dollars above what I paid and carryovered, or an amount that exactly covers all my credits and carryovers to date--$0 balance-- but generates an error message) : TIA
Foreign Tax Credit Carryovers
| Enter any foreign tax credit carryovers from a prior year. |
| |
| Year | | Foreign Taxes | | Amount Used | | 2013 | |
| |
| 2014 | | |
| 2015 | | |
| 2016 | | |
| 2017 | | |
| 2018 | | |
| 2019 | | |
| 2020 | | |
| 2021 | | |
| 2022 | | |
