Do deductions in "Amounts Related to Foreign Financial Assets" include taxes I paid from my interest and dividends to the foreign country?

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Do deductions in "Amounts Related to Foreign Financial Assets" include taxes I paid from my interest and dividends to the foreign country?

The "Amounts Related to Foreign Financial Assets" deductions typically do not include taxes paid to a foreign country on interest and dividends. However, there is a possibility that you can receive a foreign tax credit or deduction for these taxes.

For more detailed information, you can refer to the IRS guide on Form 8938

Do deductions in "Amounts Related to Foreign Financial Assets" include taxes I paid from my interest and dividends to the foreign country?

The "Amounts Related to Foreign Financial Assets" deductions typically do not include taxes paid to a foreign country on interest and dividends. However, there is a possibility that you can receive a foreign tax credit or deduction for these taxes.

For more detailed information, you can refer to the IRS guide on Form 8938

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