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Level 1
posted Apr 1, 2025 6:41:58 PM

Should I report foreign taxes from dividends and interest in "Definitely Related Expenses" or "Foreign Taxes Paid" page of "Foreign tax credit"?

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1 Replies
Level 15
Apr 1, 2025 7:01:52 PM

@maria-hakonen , foreign taxes paid  are reported ( if you wish to  claim FTC or deduction ) ONLY as Foreign taxes paid --- not as an adjustment to the gross foreign income ( whether  interest, dividend, capital gain or whatever ).  The adjustment is for  expenses associated  with the in come -- e.g. commission, transfer tax , recording fees or similar  expenses .

 

Does this make sense ?

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