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Yes to both questions.
Thank you. I see that I can also deduct Foreign income tax not claimed as foreign tax credit. Do you know how I can input the foreign tax paid in Proconnect so it gets added to Investment Expenses Allocable to Investment Income?
It's still part of the $10K limit so I don't think it matters.
If you already have it entered as a Schedule A itemized deduction I think the software will do its thing correctly.
Thank you!
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