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Hi in 2020 I have unused foreign tax credit that I'd like to carry back to 2019. however I used foreign earned income exclusion in stead of foreign tax credit. can i still carry back 2020 unused foreign tax credit? and how? thanks
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If you choose to exclude foreign-earned income, you can’t take a foreign tax credit or deduction for taxes on income you can exclude.
You may not take either a credit or a deduction for taxes paid or accrued on income you exclude under the foreign earned income exclusion or the foreign housing exclusion. There's no double taxation in this situation because that income isn't subject to U.S. income tax.
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