1. Is foreign social security pension (not an annuity, and paid by Sweden) general or passive category? Is it eligible for credit?
2. If passive income is taxed at 30% or 34% is that highly taxed (so then it's general)? FYI we are in the 22% bracket.
3. If income category could go either way, what is more favorable, passive or general category?
4. If I have both passive and general, do I need to list a certain one first so the software will work correctly?
5. My utilized and carryover amounts change depending if I check passive or general, why is this? Which is better? I'm actually not sure if I will ever use the carryover, so I don't know.
6. How can I tell if credit is better than deduction? It seems daunting to redo all the screens... is that what I need to do?
