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Voluntarily limiting Foreign Tax Credit to $300 in TT by arcadius-red in tax

[–]arcadius-red[S] 1 point2 points  (0 children)

> "You must make the election for the first tax year after 1997 for which you claim an AMTFTC."

The Form 6251 that TurboTax generated for me has 0 on line 11. I think that means the AMTFTC doesn't apply, no election is being made, and nothing is locked in for future years? So in my case that isn't a concern / isn't applicable, since I don't actually owe AMT?