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September 29, 2022
Question

Foreign tax credit carryover

  • September 29, 2022
  • 1 reply
  • 0 views

Hi,

 

In previous years I had foreign income for which I got credit and also had carryover for this year (2021).

However, in this year I didn't have any (general category) foreign income, so my understanding I can't use the carryover from last year. Is that correct?

 

I don't expect to have any general category foreign income in the next few years.  Is there still a way I can use this carryover?

 

Thanks for your help!

1 reply

September 29, 2022

you are correct each category stands on its own.