I have a rental property in Canada. I have to file an income tax return for electing under section 216 (T1 2021). I paid approximately $ 1000 to the Canadian Government as taxable income on the rental.
On my US return, I also am taxed on the same income. Somewhere I need to capture the Canadian income tax paid. Where do I need to enter this so I am not double taxed?
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On your 1040 you can take a foreign tax credit to reduce tax liability it may only be a % of what you paid in Canada the software will calculate the credit for you
Thanks Regina
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