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The amount disallowed refers to reductions in foreign taxes and/or reduction of the credit due to international boycott operations.
The amount disallowed refers to reductions in foreign taxes and/or reduction of the credit due to international boycott operations.
"Reduction in foreign taxes" - Form 1116, Line 12.
In my situation, the "amount disallowed" entered on line 12 of form 1116 is the amount of tax that was paid on foreign income that was excluded by the Foreign Earned Income Exclusion (FEIE).
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