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Investors & landlords
You can enter that under the Foreign Taxes topic. Federal Taxes, Deductions and Credits, choose what I work on, Estimates and Other Taxes, foreign taxes.You can get a foreign tax credit for the amount of tax you would have paid in the U.S. on that same income. If your property was in a country with a higher tax rate than the U.S. for this income, your credit will only be as high as the tax you would have paid here.
‎June 1, 2019
11:18 AM