I have the similar issue but TP had foreign income and taxable income. The total U.S tax liability include APTC and income tax from foreign income. It appear the FTC was used to reduce APTC , so the TP has no any tax liability. Please advise if FTC can be used to offset any of the APTC ! Thanks
Can the foreign tax credit reduce the excess advance premium tax credit repayment?
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I have the similar issue but TP had foreign income and taxable income. The total U.S tax liability include APTC and income tax from foreign income. It appear the FTC was used to reduce APTC , so the TP has no any tax liability. Please advise if FTC can be used to offset any of the APTC ! Thanks