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Foreign Tax Credit
I received foreign income - only through rental income from foreign property and from selling some mutual funds. I did not perform any work or receive any tax forms from outside of USA. I also paid and filed foreign taxes on that income (in India). From my understanding there are double taxation considerations and I should not have to pay taxes here on that income - correct? but when I entered the information about rental income - it dropped my refund to amount owed. Please help on how to fill the foreign taxes forms.
‎April 5, 2023
10:41 AM