IRS Form 1116 walkthrough (Foreign Tax Credit)

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  • Опубліковано 16 вер 2024
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    File Form 1116 to claim the foreign tax credit if the election, doesn't apply and:
    • You are an individual, estate, or trust; and
    • You paid or accrued certain foreign taxes to a foreign country or U.S. possession.
    You may be able to claim the foreign tax credit without filing Form 1116. By making this election, the foreign tax credit limitation (lines 15 through 23 of the form) won't apply to you.

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