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Form 1116 FTC Part 2 “paid or accrued” selection
All my previously filed returns [Form 1116] had PAID selected. Can I change going forward to ACCRUED?
Seems cleaner to match up Foreign Taxes paid to the same year they occur (Accrued method) versus taking the credit in a future unrelated year (PAID). If I understand it right.
Respectfully,
CEM2
March 25, 2024
10:27 PM