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Foreign Tax Credit- was Simplied Limitation Election made previously?
How can I tell if CPA has made the Simplified Foreign Tax limitation Election in previous years? (CPA prepared taxes before and I'm doing it now). I have foreign tax credit carryovers in Regular tax and AMT (Part3 of FTC Credit Computation Worsheet from last yr). Thx!
‎April 2, 2025
7:28 AM