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I paid over $700 in foreign taxes on ETFs. Why do I only get credit for $37?
In 2016 I paid over $700 in foreign taxes on 'Dividends and Distributions' listed on my 1099-DIV. These were from ETFs with Schwab and Vanguard. The 'Deductions & Credits' in turbo tax says I get $37 in credit for Foreign Taxes. Why don't I get credit for all?
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‎June 4, 2019
10:32 PM