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GordoD1
Returning Member

2024 Foreign Tax Credit Possibly Not Working

I have a situation where the client moved  from Canada to the US in October, 2024 and has both employment income in Canada (T4) and US (W2). In 2024, she is a non-resident alien in the US and a resident of Canada for tax purposes, according to the US Substantial Presence Test. She has paid taxes in both countries. 

I have filled out the TurboTax FTC and T2209 forms, entering her US income and taxes paid . While the US foreign income (converted to Cdn) drops into her income stream, the tax credit does not. I see a value on line 1 and 2 of the T2209 form and the amount in line 3 should be the lower of the two. Instead it shows nothing. 

Is this an issue in TurboTax? I could override the zero value, but this might make the return ineligible for Netfile.

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2 Replies
swangk
Returning Member

2024 Foreign Tax Credit Possibly Not Working

It works in the Premier version.  I just finished a tax return with FTC.

GordoD1
Returning Member

2024 Foreign Tax Credit Possibly Not Working

So on your Form T2209, the lower of line 1 and 2 actually appears in line 3? Mine sure doesn’t. 

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