SimonOfMontana
Returning Member

Deductions & credits

So again:  US Citizen, currently permanent tax resident in Australia - so paying Australian tax on most US income (Interest, Dividends, Capital Gains, SEP/IRA Distributions).   Aust/US have a Tax Treaty to minimize double taxation, although US can additionally tax some income up to a % limit. 

Note: The Turbo Tax functionality for Foreign Tax Credit allows only allocation of non-US income to the foreign tax paid functionality - the USA is not an available option to assign income to foreign tax paid.

Perhaps this has to be done outside TT ?