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Foreign Tax Credit on Sale of Property - Why is Turbo Tax Asking First Year you are Eligible?
I am entering Foreign Tax Credit for the Taxes I have paid on Sale of property in a foreign Country.
Why is Turbo Tax going into AMT screen and asking First Year you are eligible? Next screen is
Elect Simplified Method.
This is a simple Sale of property and I am nowhere near the AMT $ amount.
Can someone help me on this I am going in circles.
Thanks in Advance
‎July 5, 2020
1:43 PM