Thanks Diane for your response. I get it that the credit is limited to the amount US would have charged for the same income. That's why I am confused on why my taxes went up. Before entering my foreign cap gains and the credit, my taxes due are about $2K but after entering both the cap gains and the claimed credit, my taxes goes up to $10K! I don't expect a refund, but my taxes should not go up either as I have paid more than what US would have charged back in India @DianeW777
