Thanks.
This should be considered passive income, right?
Even after filling this, for one condition:
Foreign taxes paid in foreign currency and you converted the amounts to U.S. dollars
It is asking me to use the forms method(directly editing the form 1116).
But when I go to the forms mode - I don't see a place for currency conversion. I used google to do the currency conversion so it should be fine.
When i go to the forms mode - I see form 1116 AMT also - I don't know why and how it got generated?
After that it also indicates that passive income tax credit exceeded your allowed credit by certain $$$ which can be taken over the next 10 years. I am confused whether I am doing it right or not?
