Is There a Carryforward Tax Credit?

hypothetically, u gis earned 200 thousand dollars and for some reason the u k. Tax rate was a flat forty%. You would have paid 80 thousand dollars in taxes to the u. K. Government. Those were actual taxes you paid to the uk. And then when it came time to file your us. Tax return, you would report your income, but because in this hypothetical we're using the foreign tax credit, you would list that you paid 80 Thousand dollars in foreign tax am i on track? So fi yip o. I can see the numbers really? Yes. This foreign tax credit thin this really interests me, especially when you said that there's a potential carryforward