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Deductions & credits
@Taylor2025 , I am sorry for the confusion -- I gave you all the back ground ( to make sure that you are using all the deductions allowed per the US tax laws, but did not answer the question directly.
As an US person ( citizen / GreenCard / Resident for Tax purposes ), you are taxed on world income and you must recognize/ enter all incomes.
You must compute the US taxes based ONLY on US tax laws.
Your credit for taxes paid to another tax jurisdiction is separate and may or may not put you in a neutral tax position ( i.e. foreign taxes paid neutralizing US taxes on the same income ).
Does this make sense ? Is there more I can do for you ?
pk
‎November 10, 2023
10:16 AM