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Retirement tax questions
Thanks. This is helpfuI. I assume that after entering this income I go to the deductions and credits section to claim and foreign tax credit. When I do this there is an option to itemize vs taken the foreign tax credit. (Form1116). When I select foreign tax credit however it says that the IRS hasn’t’ finalized the form 1116 for 2021. Seems strange. Is this correct though- try to get a foreign tax credit - or should I itemize or do something else?
Thanks for your help
February 16, 2022
12:10 AM