(^o^)// ARIGATO GOZAIMASU! pk
I added $3500 (Rental of Land net income) on Form 1116 Part I, 1a. Gross income from sources within country (Japan) and 3d. Gross foreign source income.
It turns my Foreign Tax Credit jump up more than 15 times than it without $3500 (Rental of Land net income) on 1a. and 3d. That's great for me but that is about 8 times more than the Foreign Tax I paid. I haven't touched anything at all except to add $3500 to 1a and 3d.
Is it possible to get credit more than I actually paid?
Thank you!
