Dave, I have been able to enter my Canadian tax withholding (thank you!). However, the program says I am unable to claim all of my withholding as a credit for this tax year. After doing some on line research I found that "To get your maximum credit amount you’ll divide your foreign-sourced taxable income amount by your total taxable income, then multiply that result by your U.S. tax liability."
However, since TurboTax wants me to enter my Foreign pension income in the same place as my US pension income, TurboTax thinks I have very little foreign income. So TurboTax naturally believes I have too much Withholding tax to allow a full foreign tax credit for this year - hence the need to carry over.
But TurboTax also expects me to pay US tax on my Canadian pensions that I had to enter with the US pensions so my tax burden is very high.
I hope I am making sense, any ideas how to get around this issue?
