I have NR4, code 43 - and had a question answered by TurboTaxKarenJ - I am following all instructions, but as a result, I don't see any Foreign credit being calculated. Distribution amount I received from Canada is being added to my income, refund goes down, but taxes I paid tin Canada -25% - are not being consider. Looks like this is a double taxation. Is this correct?
Please help
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You will need to include the Form 1116 in your tax return to claim the Foreign Tax Credit.
To enter the form, do the following while in your return:
You may be able to claim the
Foreign Tax Credit if the following requirements are met:
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