Skip to main content
Level 1
June 6, 2019
Solved

How do I know if I have a foreign tax carryover for 2017?

  • June 6, 2019
  • 1 reply
  • 23 views

I paid Foreign Tax in 2016 and my account used A Form 1116 to calculate a Foreign Tax  Credit. Line 10 of 2016's Form  -Carry back or carryover is blank. I did pay Foreign tax for 2017.


Best answer by DawnC0

On Form 1116, if the foreign tax credit limit is greater than the foreign tax used (line 21 is greater than line 14), you have a carryover equal to that amount.   

 

To enter, click on the link above or see Tom Young's discussion with another community member.  

1 reply

DawnC0
DawnC0Answer
Level 12
June 6, 2019

On Form 1116, if the foreign tax credit limit is greater than the foreign tax used (line 21 is greater than line 14), you have a carryover equal to that amount.   

 

To enter, click on the link above or see Tom Young's discussion with another community member.  

Level 2
June 6, 2019
TEST