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Get your taxes done using TurboTax
Thanks for this detail.
My question is does the IRS allow a change from simplified method to non-simplified method ?
My understanding is that there are some implications to this if prior years are using the simplified method and there are foreign tax credit carryovers. in my case I have a large amount of carryovers as my income is 100% foreign and pay local foreign tax.
March 16, 2021
10:15 PM