Tette
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I’m experiencing the same error. I guess I’ll have to figure out how to schedule the three payments elsewhere. I really hope this will be fixed for next year’s ...
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@PattyFThank you for the instructions.So it’s my understanding that the section I mentioned (Definitely Related Expenses, Part I, Line 2 of 1116)is only suppose...
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@PattiF. Thanks!If I could just ask one last question, under Deductions & Credits> Estimates and Other Taxes Paid > Foreign Taxes: Definitely Related Expenses, ...
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@PattiFThank you for your reply.This was a foreign sale. Should the sale proceeds be written down pre-foreign tax, pre-expenses (gross proceeds)?On page 3 of th...
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Thank for the reply.A large majority of my income is foreign, so it still doesn't make sense that my FTC is so low.
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- Posted Re: The Foreign tax credit is not reducing foreign paid taxes dollar for dollar on Deductions & credits. March 8, 2023 1:17 PM
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- Posted Re: Adjustments on Capital Gains on Sale of Foreign Real Estate on Deductions & credits. January 1, 2023 9:13 AM
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