Thank you!
I have already filed the non-resident Canadian tax under section 216, and I have paid 2.5k in federal Canadian taxes on that rental income.
I'm more confused about the US taxes - on Schedule E, my net income from the rental property effectively comes out to 0, because my expenses are greater than my rental income (mostly due to building depreciation - I did not depreciate the building on my Canadian taxes).
I am wondering if I can file for a foreign tax credit (form 1116) for the 2.5k Canadian taxes that I have paid, even if my Canadian rental income is completely deductible on Schedule E (thus I don't have any US tax liability for the Canadian income). Please let me know if my post is unclear, and if I can clarify anything.
