sangi
New Member

Investors & landlords

Hi Amy

 

I am in the same boat. My shares were granted in India while I was on a temporary assignment. Some of them vested while I was there and was taxed in India. Some got vested after I moved back to US. For shares vested in India, I have already paid taxes in India. However it has been included on my W-2 now. Can I claim foreign tax credit on W-2 income or can it be claimed only on income from foreign sources? I have seen that usually not all foreign tax credit is applied in the same year and gets carried forward and I end up paying more taxes.

Thanks