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Deductions & credits
The amount of Foreign Tax Credit calculated for the Alternative Minimum Tax is only to be used in the calculation of the Alternative Minimum Tax. So, if there was a calculated amount of Alternative Minimum Tax on your return, it would include a deduction for the amount of Alternative Minimum Tax Foreign Tax Credit.
The amount that would be deducted on your tax return, would be the original calculated amount of Foreign Tax Credit.
‎June 4, 2019
11:15 PM