pk
Level 15
Level 15

Deductions & credits

@luisemalloy550 ,  while agreeing with my colleague @MarilynG1  on where and how to get credit for foreign taxes paid  for the current tax year, I would like to point out that  you  have already entered all your US income   on your US return in the appropriate boxes / line on form 1040.

Now when you go Foreign tax  credit ( under  the "Deductions and Credit tab", the  income that is resourced by treaty  would generally be equal to that being taxed by both tax administrations  (  US and Portugal ) and tax credit you are seeking  would be the amount  you paid to US ( at  most ). -- the form 1116 assures that is the case  ( even though you may put in  the actual amount paid to a foreign   tax authority).

 

Doesa this make sense ?

 

If this has  satisfied your query, please consider  as accepting the answer  and thereby the thread would be closed .   You can still add to this  and will be answered.

 

IIs there more I can do for you ?

 

pk