It depends. First of all, enter the income again as it asks and then you can verify if the income doubled on your return by going to tax tools>tools>view tax summary>preview my 1040. Here verify the income amount by going to Schedule 1 Line 8Z to see if it doubled.
As far as the difference in the taxes paid, it could be a couple of different things.
- There is a difference in the tax rates between the two countries. The US tax rate on the income may be much lower than your countries tax rate thus the US will only give you a credit of what the US would have been if you hadn't paid tax in the foreign country.
- You may have received a partial credit and the remainder may have been listed as a carryforward. The foreign tax credit is a non-refundable credit meaning that there was not enough tax liability in your return to take full advantage of the credit. That carryforward credit will remain for ten years or until it is used up in the subsequent tax years. The carryforward amount is listed on form 1116 if this is the case.
@sfshore2
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