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zirkedd
Returning Member

What is a foreign tax credit carryback adjustment?

I have foreign tax credits from 2011 - 2014, I have not used all of the 2011 credits, I realize I can't use them. But TT asked if I have a 2021 carryback adjustment, what is that? Is that from the 2011 portion that I can no longer use?
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2 Replies
DaveF1006
Expert Alumni

What is a foreign tax credit carryback adjustment?

If it asks if you have a carryback adjustment, just say no to that question.

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What is a foreign tax credit carryback adjustment?

If the answer is alway "no", why does TT even ask this question? And why is there no context-sensitive help for this question? Shame on you, TT!

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