sjrcpa
Level 15
03-15-2024
05:34 PM
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Dorm 1116. Foreign taxable income = 121,300
Prorate the $34,000 foreign tax between 121,300 and 108,700.
As to how in ProSeries I don't know.
And do an alternate calc to see if TP is better off taxing all of the $230,000 and claiming FTC.
The more I know the more I don’t know.