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Unused Foreign Tax Credits

I will potentially be getting a large payment from a foreign pension plan which will be taxable in that country. When I run the numbers through Turbo Tax the amount of FTC is limited in the current year, but I don't see any way to carry forward the unused portion to future years. Is this a problem in TT or am I not filling in the information correctly?

2 Replies

Unused Foreign Tax Credits

Here is a great TurboTax article which may help you: The Federal Foreign Tax Credit.

 

Thank you for choosing TurboTax. 

Unused Foreign Tax Credits

Thanks for the response but my issue is that within TT it  restricts the FTC to the maximum amount that can be claimed in the current year, but from what I can see the balance doesn't get shown as a carried forward amount. How can I use TT to either claim the balance in the current year or carry it back to previous years?