Hello Sir
I have earned interest and dividend income in India on which I have paid taxes in India, do I need to show them in my tax returns in USA and if yes than where ? and secondly will I get any credit as otherwise it will result in double taxation for me
Thanks in advance
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Asked and answered here. Did you change your name, or do two people have the identical question at the same time? (I guess it's tax time somewhere.)
If you are a US taxpayer (citizen, green card holder, or resident) you report and pay income tax on all your world-wide income. You will get a credit or deduction if you paid tax in another country on the same income. You must report income paid to you during the calendar year (Jan-December) for US tax purposes, even though India uses a different tax calendar.
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