Hi @DaveF1006 ,
I will try and answer your questions:
1. When you ask me if I applied the foreign tax credit, are you asking me if I filled in those questions (Form 1116 related questionnaire)? Yes, I did fill in that section exactly as was described in the beginning of this thread.
2. I see your second point, but I am not entirely sure that is happening, because when I click on the "Explain my taxes" button on the top left and drill into the "Your Taxes" and see the amount in the Credits amount, that is significantly lower than the taxes I have paid in India.
3. I did not make any adjustments to the foreign income so not sure about this.
I would really appreciate it if you can take a look at both versions of my returns - the one with token number 1286973 which shows the higher taxes due based on this foreign land sale and the one with token number 1286636 which is just based on US income (no cap gains for the foreign sales nor the foreign credit).
Thank you very much!
