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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 ?
‎April 11, 2021
10:24 PM