OnlyWhenImDrunk
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hammondry,If you were only taxed on a small portion of your foreign income, then obviously your foreign tax credit is going to be small and Uncle Sam will still...
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The max FEIE that TurboTaxDanO mentioned is for 2017; for 2018 it is $103,900. As he mentioned, if you file both 1116 (FTC) and 2555 (FEIE), you cannot get cred...
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In my situation, the "amount disallowed" entered on line 12 of form 1116 is the amount of tax that was paid on foreign income that was excluded by the Foreign E...
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"Reduction in foreign taxes" - Form 1116, Line 12.
Activity Feed for OnlyWhenImDrunk
- Posted Re: Does this mean that if you qualify for the foreign earned... on Deductions & credits. ‎June 7, 2019 1:44 AM
- Posted Re: What is the difference between the Foreign Tax Credit and the Foreign Earned Income Exclusion? Can they both be utilized or are they mutually exclusive? on Deductions & credits. ‎June 7, 2019 1:17 AM
- Posted Re: What is the "amount disallowed" on foreign tax credit carryforward? on Deductions & credits. ‎June 7, 2019 12:45 AM
- Posted Re: How do i find out which amount is what from past year's t... on Deductions & credits. ‎June 7, 2019 12:39 AM