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If I want to take a foreign tax credit, how do I deal with the differently formatted tax years?. US is calendar. UK is April to April.

I pay foreign taxes on savings interest, dividends and rental income. I've always paid the tax and deducted it but I think I can take it as a credit. If I can how do I handle the diffrent tax year dates. US is calendar, UK is April through March 

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Accepted Solutions
pk
Level 15
Level 15

If I want to take a foreign tax credit, how do I deal with the differently formatted tax years?. US is calendar. UK is April to April.

Have to allocate he income and taxes  for the USA i.e. the UK income has to be apportioned  to the calendar year

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1 Reply
pk
Level 15
Level 15

If I want to take a foreign tax credit, how do I deal with the differently formatted tax years?. US is calendar. UK is April to April.

Have to allocate he income and taxes  for the USA i.e. the UK income has to be apportioned  to the calendar year

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