Why does my foreign tax credit show up as 0 when I have paid foreign taxes? I have de-selected foreign income exclusion and chose the option of taking a credit.

[SweetieJean]

<a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit">https://www.irs.gov/indi...>

[SweetieJean]

Foreign tax credit is a non refundable credit against taxes, meaning the credit will take taxes owed to ZERO but not beyond.  Did you have a tax liability in your tax return?  If you had no tax due on your tax return, your foreign tax credit will show as zero since there is no tax liability to apply the credit to.

[kat0831]

Yes, I do have a tax liability....A LOT! but I paid more foreign taxes than the current tax due shown. That's why I'm having trouble figuring out why the credit is 0.

[SweetieJean]

Foreign tax on what type of income?

[kat0831]

general income (wages)

[kat0831]

I have tried deleting form 1116, removing form 2555 (because first I chose the FEIE then realized I cannot if I want to take a foreign tax credit), and re-entering all the information...but the credit still shows up as 0. ;(

[SweetieJean]

I believe I saw a recent FAQ re the FEIE not working correctly, so there may also be an issue with the FTC.
But TT Support is closed until Monday.

[VolvoGirl]

Sorry wrong link

[SweetieJean]

@VolvoGirl That's not available to the User (or to me), just to the SuperUsers.

[VolvoGirl]

Must have copied the wrong one try this
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4498928-on-form-1040-line-21-not-adding-in-exclusion">https://ttlc...>

[SweetieJean]

TY