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ptrcloan
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If you have a foreign tax credit carryover, does TurboTax software automatically add it or do you enter manually?

 
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If you have a foreign tax credit carryover, does TurboTax software automatically add it or do you enter manually?

If you transferred your 2017 return into 2018, and if the 2017 return had the FTC carryover info in it, it should transfer into the 2018 return.   When you go through the Foreign Tax Credit interview, it should ask you about carryover, and it should show you prepopulated amounts in a table if it transferred in.   It will also prompt you for an "explanation statement" that becomes part of and is sent with your return.

So you need to go through all of the FTC interview topic and review how it is handling any carryover or to manually enter anything as necessary.


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If you have a foreign tax credit carryover, does TurboTax software automatically add it or do you enter manually?

If you transferred your 2017 return into 2018, and if the 2017 return had the FTC carryover info in it, it should transfer into the 2018 return.   When you go through the Foreign Tax Credit interview, it should ask you about carryover, and it should show you prepopulated amounts in a table if it transferred in.   It will also prompt you for an "explanation statement" that becomes part of and is sent with your return.

So you need to go through all of the FTC interview topic and review how it is handling any carryover or to manually enter anything as necessary.


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