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Deductions & credits
did you work in a foreign country?
I am living in Italy but did NOT work in Italy in 2018. But I had to pay taxes on my worldwide income/investments even though I was not working. Basically had to pay Italian taxes on my savings in my US account.
are you talking about foreign taxes withheld on dividends, interest, rents. royalties?
I am talking about the tax credit that I would be due in the US because Italian taxes are higher. So the fact that I had to pay tax in Italy means that tax on remaining US income will be reduced based on the taxes paid to Italy.
‎September 29, 2019
1:28 PM