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- Foreign tax credit from 2020 carried forward to 2021. Where is it entered in 2021?
Foreign tax credit from 2020 carried forward to 2021. Where is it entered in 2021?
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Bonnie
Level 3
02-20-2022
04:12 PM
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Client had 2020 taxes prepared by someone else who shows foreign tax credit (from foreign dividends-passive) carried forward to 2021. Where do I enter this on the 2021 tax return (since I would prefer not to enter everything from client's 2020 form 1040?
I don't even see where this would show up on the 2020 form 1116. (I've never had a client who couldn't use his foreign tax credits.)
TIA
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Accountant-Man
Level 13
02-20-2022
04:26 PM
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1116, page 2.
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