Solved: Why is my 'Utilized" Foreign Tax credit so small on From 1116 when I have lots of income?

jstevensr · Mar 16, 2021 12:21:17 PM

<P>Why does the Form 1116 Comp Wks only utilize $9 of the 527 Foreign Tax Credit Carryover that I have available?</P>

Propeller2127

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botin_bo

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coachmmiller

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VAer

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Why is my 'Utilized" Foreign Tax credit so small on From 1116 when I have lots of income?