For FTC, can we claim the interest that we paid on the foreign taxes too?

[nageshsuren1]

Due to late payment of estimated taxes of foreign country (India), when I filed my taxes in the foreign country, I had to pay some interest in addition to the tax to the foreign country. Now, when I claim for foreign tax credit while filing US tax, can I claim tax credit on that interest amount too, or can I claim credit only for the tax amount?

[DDollar · Accepted solution]

No, you cannot claim the interest, you can only claim the tax itself.  It's the same policy that applies to state taxes, interest and penalties are not deductible.

[nageshsuren1]

Thanks!

[DDollar]

You're welcome.  Thanks for using TurboTax!