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Tax after credits is the same amount as tax before credits even though $63 foreign tax credit is listed. Why won't it recognized the foreign tax credit amount?

k-tyksinski
Level 1
 
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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

You need to look at the actual 1040 + schedules and follow the money to see why your outcome is what it is.


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itonewbie
Level 15

Where is foreign tax credit listed?  If your client is eligible for §904(j), did you make that election?

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