Skip to main content
Level 2
April 17, 2023
Question

Adjustment to foreign tax credit carryove

  • April 17, 2023
  • 1 reply
  • 6 views

I need to enter an adjustment to the foreing tax credit carryover due to a refund of a foreign tax paid in a prior year but refunded in 2022?

 

This topic has been closed for replies.

1 reply

IntuitCharlene
Community Manager
April 18, 2023

See the "Where do I enter foreign tax carryovers for Schedule B?" section of this article: 

https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/enter-form-1116-schedule-b-proconnect/L5I79Mjy0_US_en_US 

On that screen you can change the amount of the carryover and show when it was used. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Accept as solution" and then just changing the Accept as solution to Mark as Best Answer, mine gets cutoff, so it is too long. I changed mine to the following and it fits. -->**Say "Thanks" by clicking the thumb icon in a post**Click "Mark as Best Answer " to mark the post that answers your question.