Assuming you’ve gone through all the Foreign Tax Credit screens and are seeing no credit, you may be making an incorrect entry, but it may also be an accurate result. One reason they allow you to carry it back and then forward so many years is that it can be very difficult to use!
The first thing to check (which you may have already done) is for a tax liability on line 16 of the 2021 1040 (if there was none, that would mean no credit or no additional credit, as there was nothing to apply it toward). Also, if you already had a credit on that return, then the carryover normally would not increase it with an amendment (assuming you were already getting the maximum based on that year’s foreign-source income).
If you didn’t have a credit, that probably means there was no foreign income (and the credit is limited to your U.S. tax on the foreign part of your income). If you print your Form 1116, you should be able to see the carryback being added to foreign tax paid on line 10, and then your possible total Foreign Tax Credit being limited by your foreign income and your tax liability on that return in lines 17—24.
@linda-conley-gma, if I’m on the right track with these possibilities, I hope the clarification helps (even though a refund would be even better!). And as long as you continue to use TurboTax (and we certainly hope you do!), the program will be tracking your carryover and applying it in the event you can eventually use it. But if I’m barking up the wrong tree, be sure to re-post and someone here can help you with the specific entries you’re making...
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