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Deductions & credits
I RECEIVE DIVIDEND INCOME FROM A TRUST THAT IS FROM A CANDIAN COMPANY. CANADIAN TAX IS WITHHELD AT THE SOURCE (15%). THE TRUST REPORTS TO ME ON K-1 THE GROSS AMOUNT OF THE DIVIDEND BUT BUT NOT THE TAX WITHHELD THE TRUST DISTRIBUTES TO ME 100%OF THE INCOME. HOW DO I CLAIM THE FOREIGN TAX CREDIT AS I ONLY RECEIVE THE NET AMOUNT
‎February 20, 2021
9:21 AM