Yes, here is how to get to the carryover screen. Go to Federal Deductions and credits Estimate and other taxes paid Foreign Tax Credit>start or revisit As you begin, scroll through the first few screens until it asks if you wish to take the credit. Take the credit. Continue through the screens until it asks, choose income type. Continue to move through the scenes until it asks for a country, continue on. Continue through the next six or seven screens and you will reach the Federal Tax Carryover screen. Here you can report your last five-year's carryovers. Here's what the screen looks like.

Question

How do I enter "foreign tax carryover" from the past 5 years?

Forum|Forum|1 year ago
March 14, 2025
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TurboTax Deluxe Online

DaveF1006

Yes, here is how to get to the carryover screen.

Go to Federal
Deductions and credits
Estimate and other taxes paid
Foreign Tax Credit>start or revisit
As you begin, scroll through the first few screens until it asks if you wish to take ‌the credit. Take the credit.
Continue through the screens until it asks, choose income type.
Continue to move through the scenes until it asks for a country, continue on.
Continue through the next six or seven screens and you will reach the Federal Tax Carryover screen. Here you can report your last five-year's carryovers. Here's what the screen looks like.

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S

selavagnino

Got to the form, but not 100% sure what is meant by the two column headers. Publication 514 shows some examples:

	Your limit	Tax paid	Unused foreign tax (+) or excess limit (−)
2023	$200	$100	−100
2024	$300	$500	+200

TurboTax form has two columns: Foreign Taxes and Amount Used. I'm not exactly sure what "Amount Used" means. Would I fill in as follows: in the first column, enter the actual foreign tax for the year, and in the second column, that year's limit minus the tax paid? In the above example (where 2023 limit is $200 and 2024 limit is $300):

Year	Foreign Taxes	Amount Used
2023	100	100
2024	500	-200

Thanks!

DaveF1006

The amount used is the amount of Foreign Tax Credit you were able to use. The carryover amount in 2024 is $200. There is no carryover in 2023 because you were given the full foreign tax credit for the year.

The example from Publication 514 is correct. The TurboTax example listed is incorrect because $300 should be listed as the amount used and $200 is the carryover.

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