Thanks !! So will there be any way I can get just the US tax paid on Canadian income in the US?
If I follow, you are suggesting the following:
Step 1 - File US return declaring Canadian income as foreign income
Step 2 - Calculate the tax paid on Canadian income on US return (How to calculate this)
Step 3 - File Canadian return claiming tax from Step 2 as foreign tax credit
How do I calculate Step 2 in this case?
Alternatively, is there any way I can do the following steps instead?
1.) File a Canadian return first
2.) File US return showing Canadian income as foreign income
3.) Claim Foreign Tax Credit on US return equivalent to the Tax paid to CRA on Canadian return
Thanks so much for the follow ups !!
