can I claim rent paid in a foreign country on form 1116?

Forum|Forum|4 years ago
October 29, 2021
11 replies
32 views

Hello,

I'm filing Form 1116 Foreign Tax Credit for the first time & I'm wondering if I can claim rent paid in the foreign country. The amount of my refund increases significantly, so I want to make sure I'm doing this correctly. The client sent gross income & net income. I'm guessing I enter the gross amount, but please confirm that that's correct. Please help. Thank you!

ProSeries Basic

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Just-Lisa-Now-

Intuit Community Champion

claim rent paid for what?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

IRonMaN

Level 15

I'm normally curious, so - where are you deducting the rent on the return?

Slava Ukraini!

George4Tacks

Level 15

Rent may be part of the Exclusion on 2555. You need to provide more information. It sounds like this process is pretty foreign to you. Share info and probably get some excellent help.

Answers are easy. Questions are hard!

PATAX

Level 12

@George4Tacks @IRonMaN @Just-Lisa-Now- always amazes me when original poster doesn't reply to questions from others who are trying to help that original poster... I don't know....

S

sharmoren0112Author

Level 4

I have a LOT on my plate these days & don't always have time to come back to this wonderful resource. I appreciate the help, even though my failure to return caused a comment I deserved.

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