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Deductions & credits
thanks. I guess it pays to look at it 2 ways ...
1. taking the $300 with simplified method(for single taxpayer) vs doing all those crazy calculations which might result in less than $300 of tax credit this year
2. doing the standard method (crazy calculations) and possibly taking a lower tax credit this year but getting the benefit of carry fwd on the unused foreign taxes
is that right?
‎August 21, 2020
11:17 AM