Akinofe67
Level 3

I do need help on this, clear help please. A client of mine with foreign income in 2017 and Unused Foreign Tax Credit in 2017 will like to Carryback some of the Unused Credit from 2017 to 2016, so as to clear up the tax due in 2016. My client is filing back taxes for a number of years. Client has been an employee in a foreign country earning foreign income all this time.

How on Proseries can I do a FTC Carryback. The form 1116 Foreign tax credit Comp Worksheet only allows for Carryforward to the future years. Keep in mind, whatever I do on this worksheet, automatically creates an explanation statement. I will like it to say "Total Foreign Tax Credit Carryback from 2017" $$$

Thanks

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