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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 ?
‎July 2, 2024
10:16 AM