Thank you for the reply MIKE9241!
Based on that info and if I chose PAID not ACCRUED on Form 1116 part 2:
If 2023 is the first year I file a Foreign tax return and I paid the Foreign tax due in April 2024. I will not be able to take an actual FTC on my 2023 US Return. I will need to wait until 2024 to get the 2023 FTC since the 2023 foreign tax was PAID in 2024. Sound correct?
CEM2
