Form 1116 wks under Foreign Tax Credit Carryovers to 2021 has amount in utilized that should be in carryover

[Blue_Frog]

I have no taxes due, but I do have a foreign tax credit.  Isn't that supposed to carry over to next  year since it can not be used this year? 

Form 1116 wks under Foreign Tax Credit Carryovers to 2021 has the amount in "utilized" that should be in "carryover".   Form 1116 shows a $23 on line 14 and a zero on line 35.

[rogge1722 · Accepted solution]

Open Federal Information Worksheet .  Scroll down to Part 6. The fifth paragraph is labeled  “Foreign Tax Credit (Form 1116).  Checkmark the box to file form 1116.

 Then bring up the foreign tax credit comp. worksheet. Scroll down to the bottom to the carryover section and you should see the credit carried over to 2021.

[ThomasM125]

The unused foreign tax credit should carry forward for a period of up to ten years.

[Blue_Frog]

Thanks, that works quite well.

Info sheet is interesting.

I went back to change some other numbers in deductions and it got turned off again, so I guess I have to check this right at the end.

This is a real bug. I wonder how to report that without getting involved in a long phone support conversation.