pk
Level 15
Level 15

Deductions & credits

@gb_1435  need a little bit more information:

 

(a) this $3000 foreign tax credit is which year(s) --- this carried forward or what ?

(b) what is your world income  and  foreign income for 2021?

(c) what is the foreign  taxes paid for 2021 ?

(d) if the foreign taxes paid  in 2021  is within the  safe harbor limit why did you choose  form 1116 (if )?

(e) foreign taxes paid to which country?

(f) if the foreign income was from stock sales  was this long term or short term and did you also have  US  asset sales resulting in  gains ( that can offset foreign gains )

 

I look forward to getting your answers and I will circle back

pk