Thank you! Yes the income is simple. I only have income from wages and interest/dividends.
Couple followup questions:
- For the question: "Indicate whether this is the first year you are eligible to make the simplified foreign tax limitation election for alternative minimum tax (AMT) purposes. Once you make this election, it applies to all later tax years and can't be changed unless you obtain IRS consent.", how do I know if this is my first year? I don't remember ever having to make this decision in the past so I think it would be my first year?
- If I select yes to use the simplified AMT foreign tax credit limitation this year, how does that affect future years? Does it mean that I can't use the simplified AMT FTC limitation in future years? Does it mean that I'll have to always use it in future years?
