Hi:
In the "Simplified Foreign Tax Credit Election Smart Worksheet" it is asking me 2 question.
1. Was the simplified AMT Foreign tax credit limitation was selected in the past? (I have never encountered this previously) I guess I need to answer this as "This is the first year"
2. Elect to use the simplified AMT Foreign tax limitation this year? Yes or No. -
Is it better to go with "Simplified AMT Foreign Tax Credit Limitation" and say "Yes" here?
Regards,
Giri
