My foreign tax credit carryover is not being applied to reduce my federal tax. What have I missed to make this apply and reduce my tax bill? Yes, I have foreign income.
My foreign tax credit carryover is not being applied to reduce my federal tax. What have I missed to make this apply and reduce my tax bill? Yes, I have foreign income.
My foreign tax credit carryover is not being applied to reduce my federal tax. What have I missed to make this apply and reduce my tax bill? Yes, I have foreign income.
On f1116, review the entries from line 9 thru 13. The total amount of foreign taxes available for credit is on line 14.
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