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shiv_mani
New Member

I have a rental property in India - a bank account where the rental income is deposited. I pay income taxes in India on rental income. How do I enter the taxes paid?

I report the rental income in the US - how do I avoid double taxation?
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1 Reply
DianeW777
Expert Alumni

I have a rental property in India - a bank account where the rental income is deposited. I pay income taxes in India on rental income. How do I enter the taxes paid?

The US will provide a credit for taxes paid to another country on the same income. The credit will be the lesser of:

  1. Tax paid to India; or
  2. Tax the US would charge on the same income
    1. Where do I enter the foreign tax credit (Form 1116) or deduction?
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