Understood. But the 2022 foreign tax credit was $126,735 while the tax paid was $81,258, utilizing the previous years' carryover, and TurboTax accepted it witho...
Thanks! Is the gain on disposal of property part ($31,408) of the gross income ($188,024), and I should leave out the $31,408, otherwise it will be double count...
I have received the following numbers for AJ:Aggregate Business Activity Gain (Loss) on Dispo. of Property, $31,408Aggregate Business Activity Gross Income, $18...
OK, now I understand the concept. I am wondering if the foreign income exclusion of $120,000 will be added back for calculation if I am taking a foreign tax cre...