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This is not correct because you are missing part of the formula for calculating the limitation on the credit that is allowed in the current year. The actual wording from pub 514 regarding calculation of the FTC allowed in the current year reads as follows (bold shows the part you are missing): You already said that the return showed no taxable income, so there should be no FTC allowed for the current year to offset any of the APTC.

If you're running out of space, get a bigger drive or install a second drive. You really shouldn't delete your data files.