I have an issue with my Form 1116 - Foreign Tax Credit Comp Worksheet: "Carryback amount should not be greater then the carryover amount in the current tax year." Help!
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I have an issue with my Form 1116 - Foreign Tax Credit Comp Worksheet: "Carryback amount should not be greater then the carryover amount in the current tax year." Help!
How can I fix this issue? I have tried fixing it but it only allows me the change the "Carryback Amount," which cannot be negative but the carryover amount in the 2024 tax year is a negative number.
posted
a month ago
last updated
October 12, 202511:05 PM
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