Can I apply FTC carried over from 2024 (calculated in the AMT) if AMT in '25 is 0?

Melba#SAU
Melba#SAU Newcomer
in Filing my taxes

Can I apply Foreign Tax Credits (FTC) on Form 1116 (Line 10) carried over from 2024 that were calculated in the Alternative Minimum Tax (AMT) method if my AMT is $0 in 2025?

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  • MatthewD
    MatthewD image
    Hello Melba#SAU,

    Sorry, but we don't support the option you described in our software. We only support the Foreign Tax Credit when it is reported on a 1099-INT, 1099-DIV or a Schedule K-1.

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