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Deductions & credits
@Periwinkle65 , agreeing with my colleague @rogge1722 , I am just wondering if you really need the form 1116 ( which while recognizing your foreign taxes paid dollar for dollar, limits the allowable for the year based on ratio of Foreign income to World income). This is because in many cases taking the safe harbor US$600 ( for a joint return , US$300 for single filer ) may be more beneficial.
Does this help ?
March 31, 2024
6:54 PM