GBAYER
New Member
Member profile
- Replies
- Posts
-
The foreign tax credit in any year is limited to a pro rata share of taxes paid on foreign income. Therefore, if your effective tax rate on all income (taxes ow...
-
Part III, line 20 is your taxes owed before the foreign tax credit. Since no taxes are owed, you cannot take the foreign tax credit this year. However, it may b...
Activity Feed for GBAYER
- Posted Missouri taxes on State tax filing. March 26, 2025 12:49 PM
- Posted Re: Foreign Tax Credit Carryover on Deductions & credits. April 12, 2024 10:44 AM
- Posted Re: TT is calculating my Foreign Tax Credit to be $0 on Deductions & credits. April 12, 2024 10:39 AM