How to fill the form 1116 and tax credit carryover?

[houstontian]

HI

In the "Foreign Income" section under "Less Common Income" in the personal project of the software, I have entered the foreign income, but I am not sure how to enter the tax credit carryover for the foreign income. Thank you.

[JotikaT2]

The foreign tax credit carryover from prior years will be entered under the Deductions & Credits tab within TurboTax Desktop.

1. Log back into your TurboTax program and scroll down on the page titled "Your 2023 Deductions & Credits" until you see the section titled Estimates and Other Taxes Paid.
2. Under this section, you will see Foreign Taxes.  Select start/update to the right of this section.  
3. Be sure to answer yes to the question asking if you have credits to use from a prior year on the screen titled "Foreign Tax Credit."  
4. Proceed to answer the questions as prompted and be sure to say you want to take the foreign tax credit when prompted.  
5. After proceeding through a few more screens, you will reach a screen titled "Foreign Tax Credit Carryover." Enter the prior year amounts as applicable.