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How do i know if i took the simplified limitation election eligibility before?
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Please check for Forms 1116 in your return for the year you wish to know.
If you did make the simplified foreign tax limitation election for AMT in a previous year, there will be only one Form 1116 for each type of income.
For example, if you only had foreign tax credit on wages in a prior year, and you did make the simplified election, you would have only one Form 1116 for general limitation income.
If you did not make the election, you would have 2 Forms 1116 for general limitation income in your return, one for regular tax and one for AMT.
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