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Deductions & credits
It is still not taking in consideration taxes paid in Canada, when I choose Passive income. However, when I choose Lump Sum, I got to Foreign Losses screen. I got a message: "Your Lump-Sum distribution income tax credit exceeded your allowed credit. You may be able to carry forward or possibly carry back your excess credit to last year's return." Does it mean that I am not eligible? So, income I got from Canada is being added to my gross income but taxes paid to Canada are not ?
‎June 1, 2019
10:25 AM