gbriel
Returning Member

Education

Do you mean "Foreign Tax Credits"?

 

The issue is I ONLY have Canada and USA interest income reported on my USA tax return for 2024, BUT I moved to Italy in 2024 and am now a tax resident there and have to pay tax on my worldwide income to Italy and thus don't want to pay tax on that same income to the USA in 2024.  In other words, my interest income is NOT "foreign sourced" and that is why I am confused as to how to go about getting the applicable tax credit on my USA tax return since Italy will have first taxing rights to that USA/Canada interest income.  I have NO other income at all in any country to report in 2024!