Thank you so much for the help and prompt responses. I really appreciate your patience explaining this to me. I'm getting closer to understanding these rules, but I still have a couple of questions.
My 2024 Form 1116 Line 1a and 3d both reported foreign income of $20,379, which is over the $20,000 threshold. Why was there no adjustment in 2024?
Why does irs.gov indicate a maximum tax bracket rate of 37%, not 37.1%?
