pk
Level 15
Level 15

Deductions & credits

@zakerinasab , agreeing with my colleague @AmyC  for things you need to check. At the same time there is one more item you should be aware of when using form 1116.  While form 1116 recognizes  your foreign  tax dollar for dollar, the allowable amount for the tax year depends  effectively on a ratio of your foreign income to yopur world income.  Your figure being approx. 50% leads me to believe that  your foreign income was in the range of 40-50% of world income.

 

Does this make sense ?

 

pk