I have several thousand in foreign tax credits I haven't been able to use because I haven't had enough income. I know I can carry it forward for 10 years; who knows maybe someday I will have enough income. Not likely, but possible.
I am thinking of getting rid of all my foreign stocks and going with a ETF instead. Among other things, I will never have foreign tax credits I can't use again.
Presumably that means I can never carry the old FTCs forward because I won't have any foreign income. I would probably never get to use them anyhow, but I hate to just lose them. Any clever way to show foreign income so I can use the carry forward?