It depends. Since you are now a cash basis, payer, you may now only claim a Foreign Tax Credit in the year they were paid. This means:
- There is no credit that can be claimed in 2022 so you would not report taxes paid for that year.
- In 2023, you may report $1000 foreign taxes paid to claim the credit.
- For 2024, $2000 can be reported to claim the credit.
@atlasthere
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