Last year I had a foreign tax credit that I wasn't able to use because I didn't owe any taxes. My understanding is that it can be carried forward. If so, how is that done? It isn't obvious from the tax form.
Foreign Tax Credit carry forward
Dec 13, 2009
2 Replies
Carry back one year and forward ten years.
It can be done only when using Form 1116.
See the instructions for Orm 1116 line 10 beginning on page 13:
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Typo: Page 15.
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