Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- How do I take the better benefit for F 1116 FTC vs F 2555? Income is excluded on F2555 but I have foreign tax paid that I want to offset against the current year tax.
How do I take the better benefit for F 1116 FTC vs F 2555? Income is excluded on F2555 but I have foreign tax paid that I want to offset against the current year tax.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
staceynakahara
Level 1
09-29-2021
01:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is there a code to take the maximize benefit? I have enough FTC to offset CY tax (it is capital gain income)
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
09-29-2021
01:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You have to calculate it both ways. No option for the software to optimize.
The more I know, the more I don't know.
