FTC form 1116

[kclnicola]

If I have carry-forwards, have foreign income but no foreign tax paid (cash basis, tax paid) for the year, can I file Form 1116 with zero amount in part II, ie using carryforwards to claim the FTC?

[KrisD15]

Yes, as long as you have foreign income, you can carry-forward the credit to Form 1116 Part III line 10

After you enter your foreign income

Go to Deductions & Credits

Estimates and Other Taxes Paid 

Foreign Taxes    START 

The first screen asks about credits from a prior year.

Select YES 

Continue through the interview until you get to the screen to enter your foreign tax credit carryovers