How do I enter foreign tax credit carryover? My previous filing has multiple forms 1116 for different categories.

[DaveF1006]

No, you cannot use the foreign tax carryover to apply against your US tax owed in 2022. This is specified in this IRS publication that says you cannot claim a credit for unused foreign taxes in a year to which you carry them unless you also claim a credit for foreign taxes actually paid or accrued in that year, meaning this year.

@Sailor999 

[MarcinG]

This is still a freshly answered topic, so I would like add a follow-up question.

"You cannot claim a credit for unused foreign taxes in a year to which you carry them unless you also claim a credit for foreign taxes actually paid or accrued in that year."

Does this mean I can carry over credit from 2021 forward to 2023, and if I claim, even the smallest, new foreign tax credit in that year (accrued or paid), only then I will be able to claim the carried over credit?

[DaveF1006]

Yes, this is correct. You may carryforward the foreign tax credits for ten years. You can only only use the carryover in a year that you claim a foreign tax credit. So if you paid foreign taxes in 2023, the foreign tax credit will be applied in that year and any excess amount not claimed will be carried forward until used or expired.

@macingrabda