Hi pk:
Thank you for reply and it resolves my questions for the tax year 2024.
Follow-up questions:
1. For my spouse's Canadian income (foreign income) on top of my W-2, will TurboTax auto-generate the corresponding form after I do a CAD <->USD conversion by myself, fill in the numbers in the TT system, and upload his Canada income form onto TurboTax?
2. Not sure if this can be answered here: under the US-Canada tax treaty, my spouse's income that is taxed in the US (US RA combined with mine) should be able to be reported in Canada as a foreign tax credit to avoid double tax. Since his Canada income is on top of mine, does this mean his income multiplying my highest tax bracket will be his Canada foreign tax credit? or the tax credit will be half of the overall US federal income tax?
Please try to answer those questions.
Many thanks,
YTY
