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indy63hfb
New Member

Can I get a foreign tax credit for taxes paid on a mutual if I don't owe any federal taxes for 2017

 
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Rainman12
Level 10

Can I get a foreign tax credit for taxes paid on a mutual if I don't owe any federal taxes for 2017

No. FTC is a 'non-refundable' credit, can only be used to reduce taxes owed.

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Rainman12
Level 10

Can I get a foreign tax credit for taxes paid on a mutual if I don't owe any federal taxes for 2017

No. FTC is a 'non-refundable' credit, can only be used to reduce taxes owed.

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