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Deductions & credits
Yes, this is okay.
By law, you can claim either a tax credit or a deduction on the foreign tax you pay. It is allowed to have a credit calculated on Schedule 3 from one set of foreign tax and deduction on the Schedule A from the other amount of foreign tax separately. As long as there is no double-dip, you are good to go.
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March 21, 2020
1:47 PM
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