I own a UK rental property. I file taxes in UK but because the taxable revenue is below the personal allowance, do not owe/pay tax. Can I claim foreign tax credit 1116?
I own a UK rental property. I file taxes in UK but because the taxable revenue is below the personal allowance, do not owe/pay tax. Can I claim foreign tax credit 1116?
No. Since you didn't pay any taxes in the UK, you do not get a credit for paying the taxes.
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I own a UK rental property. I file taxes in UK but because the taxable revenue is below the personal allowance, do not owe/pay tax. Can I claim foreign tax credit 1116?
No. Since you didn't pay any taxes in the UK, you do not get a credit for paying the taxes.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
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