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maria-hakonen
April 2, 2025
Question

Should I report foreign taxes from dividends and interest in "Definitely Related Expenses" or "Foreign Taxes Paid" page of "Foreign tax credit"?

  • April 2, 2025
  • 1 reply
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1 reply

P
pk12_2
April 2, 2025

@maria-hakonen , foreign taxes paid  are reported ( if you wish to  claim FTC or deduction ) ONLY as Foreign taxes paid --- not as an adjustment to the gross foreign income ( whether  interest, dividend, capital gain or whatever ).  The adjustment is for  expenses associated  with the in come -- e.g. commission, transfer tax , recording fees or similar  expenses .

 

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