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bmb95
March 19, 2025
Question

How to enter high tax kick out foreign dividends for foreign tax credit? This requires 2 columns on first form 1116 (passive) and 1 column on a 2nd form 1116 (general).

  • March 19, 2025
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IRS says file a 1st form 1116 showing the foreign div income then a 2nd column subtracting this div income to move this income to a 2nd form 1116.
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