Troubleshooting

@mjpmcnulty 

 

The carry-forward rules are only if you paid tax on foreign business income. For other income, any foreign tax that’s not recovered by the tax credit can be used as a s. 20(12) deduction on line 23200 (other deductions). 

 

In TurboTax Download, you can do this in Forms mode. If you are not already in Forms mode, click the Forms icon in the blue icon bar. Then click the Forms icon again. Search for “Foreign Tax Credits Worksheet”. You can enter your 20(12) deduction on the 8th line down, in the column of the country that it applies to. 

 

To return to EasyStep Mode, click the EasyStep icon in the blue icon bar.