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Deductions & credits
iI depends. I have this Turbo Tax article by Champ pk that says if your foreign income is of general category ( wages, interest income etc. ) then use the simplified method. If you have incomes from many categorys, including trusts, complicated investment portfolios etc. and / or multi category carry over credits, do not choose simplified method.
If you don't remember using it in the past, use whatever method described above based on your foreign income type. If it is diversified, then do not use the simplified method.
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‎April 12, 2021
11:27 AM