pk
Level 15
Level 15

Deductions & credits

@girigiri , generally agreeing with the idea of ratiometric apportionment of foreign taxes  paid  to different categories  ( interest, dividend, capital gain  etc. ) for purposes of form 1116.  This done   on line 1(a)   Gross Foreign income by country and the details of taxes paid by category  on  line 7 of the same form.

 

Should I assume that the amounts you have put up are only as an exercise to demonstrate the  method  POR are these real figures?   I ask because  the amounts you quote are under the safe harbor amounts  i.e. you do not need  a form 1116   ( and its limitations ).

 

Is there more I can do for you ?