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Deductions & credits
(a) in general , when the US is limited by treaty to specific tax rates, it is usually achieved by "adjustment" to the "foreign source" income. TurboTax has a screen for this. And IRS instruction for form 1116 provides the adjustment amount to be used. Should not use "over-ride" as this may ( not always ) disallow e-filing.
( b) If you are talking about 2024 tax year, many screens associated with Foreign source income / taxation are not operational yet --- think they are targeting for Jan 18th ( or thereabout ) to effective.
Does this help or am I in the total left field ?
‎December 23, 2024
12:25 PM