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June 3, 2019
Solved

Where and how do I tell TT that I do not want to take a foreign tax credit carryover from 2016?

  • June 3, 2019
  • 1 reply
  • 0 views

I can't seem to find a "foreign tax credit interview" except one line to simply enter my reported foreign tax credit as part of entering 1099-DIV forms.

Best answer by KiaraE
  • Go to Federal 
  • Then Click Deductions and Credits 
  • Click I'll Choose What I Want to Work On
  • Scroll Down to Estimates and Other Taxes Paid
  • Click Start next to Foreign Taxes
  • Answer all of the questions until you get to Tell Us About Your Foreign Taxes
  • Here is where you will indicate that you do not want to take the carryover from 2016.

I have provided screenshots to help you get to the necessary screens.

1 reply

KiaraEAnswer
Employee
June 3, 2019
  • Go to Federal 
  • Then Click Deductions and Credits 
  • Click I'll Choose What I Want to Work On
  • Scroll Down to Estimates and Other Taxes Paid
  • Click Start next to Foreign Taxes
  • Answer all of the questions until you get to Tell Us About Your Foreign Taxes
  • Here is where you will indicate that you do not want to take the carryover from 2016.

I have provided screenshots to help you get to the necessary screens.