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Can I carryback or carryover any unused Foreign Tax Credit?

If you can’t claim a credit for the full amount of qualified foreign income taxes you paid or accrued in that particular year, you’re allowed a carryback and/or carryover of the unused foreign income tax. You can carry back the unused foreign tax for one year and then carry it forward for 10 years.


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Updated: June 2, 2018

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