sweerkaul
Returning Member

Deductions & credits

@pk Yes I am a US person for year 2020 and my 1099-DIV is from a US financial/brokerage . On my 1099-DIV it shows the Foreign Tax Paid and the Foreign Country to which the Tax is paid is ISRAEL.

 

Apart from this 1099-DIV , I have also received the interest income from Saving Bank accounts in INDIA.

 

So knowing all this , can you please suggest how should I answer ( calculate) these below questions from TT :

 

Adjusted basis of investment assets generating foreign income ? 
 
Adjusted basis of total investment assets ?