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To claim foreign tax credit on US return you must have filed foreign tax return and paid foreign taxes?
Taxpayer is US citizen and senior citizen.
She has income in India and deadline to file taxes for 2020 is extended until end of dec. 21 in India.
But in USA extended deadline is October 15 21.
She has not filed or paid taxes to Indian tax dept yet - but she know how much she owes to India. She has prepared tax return but has not filed yet and not possible to file before October 15 which is US deadline.
Question is - Even though she has not paid taxes to India yet...Can she still claim foreign tax credit on her US tax return before 15th October?
Also, in case she can not file US tax return by October 15 - what are the consequences? She does not owe any taxes in the USA because she did not have any income from the USA and her income in India is less than US standard deduction.