The Real Halloween
Level 7
05-17-2020
10:36 PM
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Form 1116 Line 18: TP completed a Qualified Dividends and Capital Gain Tax Worksheet and did not have any foreign qualified dividends or foreign capital gains (or losses).
TP has to make an adjustment by reducing taxable income carried to f1116 line 18 by 0.5946.
Can you shed some lights how was 0.5946 derived?
Thanks for your input.
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