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Form 1116 - Reduction in Foreign Tax


elycole

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If a taxpayer is claiming the Foreign Earned Income Exclusion (Form 2555), they are required to reduce the amount of foreign taxes paid to be taken on the foreign tax credit Form 1116.

This is line 12 of Form 1116 "Reduction in foreign taxes".

Can someone please advise how to initiate this calculation?? I cannot get it to work and am afraid with override it could have effects in other places.

Thanks!

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