Form 1116 issues

[sarkarp2002]

I deleted by mistake Form 1116 copy 1. When I retyped all data it generated a new Form 1116 but it is called Copy 2 now. There was another copy 2 also. I noticed (a) Part IV missing in the newly created Form 1116; (b) all the carryover tax information are lost. How to resolve these two issues?

[BrittanyS]

If you lost the carryover information when you deleted the return, you can enter the carryover in the interview process.  When you created the new 1116 did you do this in the interview process or through forms mode?  If you entered through forms mode this may be why you lost certain information such as the carryover and section IV.  You will want to make sure you follow these steps to enter the new 1116:

1. Go to federal>deductions and credits>estimate and other taxes paid
2. Foreign taxes >start
3. Start answering questions. Make sure you answer the question correctly about if this is the first year you are making the simplified  election
4. Answer the questions in the next screens until you reach a screen that talks about income type. If you have more than one country, you will add that later.
5. Next screen is where you add the country your foreign income was earned in.
6. Next screen will ask you what your source income earned in that country. Here you will allocate income earned while you were in that country.
7. You will continue answering questions until you get to a screen that says foreign taxes paid to XXXX. Be sure not to list a date at the bottom beyond 12/31/2023 or you won't get the foreign tax credit and will show up as an error in your return
8. There will be a carryover screen that will appear in the interview. The amount carried over from a previous year should be recorded automatically here if you prepared your return in Turbo Tax in  previous year. If not listed here, you may add the amount from your 2024 (Form 1116 Schedule B line 8 column xiii).

[sarkarp2002]

Just to clarify ... I'm currently working on My 2024 tax return which is due on April 15, 2025. 
In item 8, you mentioned 

" ......If not listed here, you may add the amount from your 2024 (Form 1116 Schedule B line 8 column xiii)."

I do have a positive number in my 2024 Form 1116 Schedule B column xiii for "AMT". But TurboTax didn't generate Schedule B for normal (that is, non AMT) Form 1116.

Did you really mean "2024 (Form 1116 Schedule B line 8 column xiii)" or should it be 2023 instead of 2024?
Thanks.

[BrittanyS]

That is correct; it should be 2023.  I have fixed my response.