haftl31
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Adding "AMTFTC" as that seems to be correct term.To clarify, the AMT seems to apply as this ratio (~90%) multiplied by the calculated AMT tax is higher than the...
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This still didn't work when I did my 2023 taxes. Did I do something wrong or does it need to be manually added.
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Is the amount on line 12 of Form 1116 eligible for FTC carryforward? My understanding is that line removes the foreign tax associated with income excluded via t...
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Does anybody know if this issue has been fixed for 2021 taxes? Thanks
Activity Feed for haftl31
- Posted Re: I have AMT due as my FTC is being limited. The ratio seems to be Wages less FEIE and Housing less share of standard deduction divided by AGI (no deduction). Correct? on Get your taxes done using TurboTax. 2 weeks ago
- Posted I have AMT due as my FTC is being limited. The ratio seems to be Wages less FEIE and Housing less share of standard deduction divided by AGI (no deduction). Correct? on Get your taxes done using TurboTax. 3 weeks ago
- Posted Re: Form 1116, Lines 12a1 and 12a2 on Get your taxes done using TurboTax. October 24, 2024 1:22 AM
- Cheered Re: Form 1116, Lines 12a1 and 12a2 for Adrianimal. October 24, 2024 1:20 AM
- Posted Re: Foreign Tax Credit Carryover on Deductions & credits. May 4, 2022 1:54 AM
- Posted Re: Not able to e-file due to simplified AMT foreign tax credit on Deductions & credits. March 5, 2022 8:58 PM
- Cheered Re: In my case, it worked after I entered an email address ev... for DoninGA. May 30, 2021 8:34 PM
- Cheered Not able to e-file due to simplified AMT foreign tax credit for JeanAtkinson. May 30, 2021 7:31 PM
- Cheered Re: Not able to e-file due to simplified AMT foreign tax credit for ShadowLink. May 30, 2021 7:31 PM
- Cheered Re: How do I know if I've been eligible for/made the simplified foreign tax limitation election f... for KarenJ2. December 3, 2020 6:40 AM