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Foreign tax credit calculation question
After I went through the questionnaire for foreign tax credit, I saw that I got a credit of $4089. This is from taxes paid on qualified dividends for a stock from a foreign country.
But then in this review step
I believe the amount should be $16335.
But then upon entering that value, my credit dropped by about $2000.
Why would that happen? What's the calculations going on behind the scene?
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‎October 10, 2023
6:15 PM