Hello,

I have what should be a very simple question, though neither the IRS helpline, the IRS webpages, nor the local IRS office was willing or able to answer!

I've lived abroad for many years. For 2012 I filed the f1116 form for the tax on interest income in my non-US savings accounts. I did not use all the foreign tax credit, and there was almost $400 left over. For 2013 I do not have any taxes on foreign savings interest (well I do, but will be able to reclaim them from the foreign government), so do not need to file a f1116. I will owe taxes in the US this year due to a combination of passive foreign income and US capital gains.

So my question is, when I file for 2013, how exactly do I document the carryover amount from last year's f1116? Do I simply enter it on my 1040, line 47, and attach a statement and/or photocopy of last year's f1116, showing where I got the amount? Or do I have to file a new f1116 just to show the carryover, even though I have no foreign tax to claim for 2013?

Any help would be appreciated! Thanks in advance.