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Deductions & credits
Thanks you - this is the best explanation I have seen on this and is so simple I'm surprised I have been confused. My foreign dividends are getting taxed at LT cap gains rate (which is less than 25%), but I'm paying a 25% foreign tax, so any difference between those 2 is getting carried forward. Originally I was thinking I could get the full 25% foreign tax I paid back as a credit.
‎February 27, 2025
9:24 AM