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Foreign Tax Credit vs. Foreign Income Exclusion
I live in the UK and have for the last 9 years claimed a Foreign Tax credit not the FIE. How do I "tell" Turbotax that I wish to tax the credit not the exclusion. the only options in the step by step are: try to exclude my income, or I am not eligible. I am eligible but my tax rate is higher in the UK and prefer to not elect to use the FIE.
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‎February 16, 2020
11:55 AM