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Deductions & credits
100% passive income from investments. I was able to deduct 100% of the foreign taxes paid gained from the same investments last year, and with the % calculation of the total amount I can deduct on form 1116 (Line 21), it's still over the amount of foreign taxes I paid, so I should be able to deduct all, but TT comes back with a significantly smaller amount when I walk through their dialogue.
March 8, 2021
4:00 PM