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Level 2
posted Jun 1, 2019 6:03:56 AM

I had a foreign tax credit carryover on my 2016 return which I carried back to 2015. TT 2017 is entering the carryover amount on 1116. How should I remove the carryover?

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1 Best answer
Level 9
Jun 1, 2019 6:03:58 AM

Bring up f1116. In line 12, type in the carry back amount. That will adjust the credit available on line 14.

1 Replies
Level 9
Jun 1, 2019 6:03:58 AM

Bring up f1116. In line 12, type in the carry back amount. That will adjust the credit available on line 14.