Ok, thank you very much.
Yes, I'm reporting worldwide income in Canada.
Thanks for clarifying this. I guess I was just over thinking it because we both had foreign tax credits to claim on our joint 1040 and not just me.
Have a good night
Search found 3 matches
- Sun Sep 27, 2020 8:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Credit Confusion
- Replies: 4
- Views: 1512
- Fri Sep 25, 2020 10:28 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Credit Confusion
- Replies: 4
- Views: 1512
Re: Foreign Tax Credit Confusion
I'm trying to figure out how much foreign tax I can claim on my Canadian resident return. I've taken my W2 divided by our total adjusted gross income to determine my proportion of our total income on our joint 1040. I'm just not sure what I multiply this number by. Do I multiply it by the total tax ...
- Wed Sep 23, 2020 2:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Credit Confusion
- Replies: 4
- Views: 1512
Foreign Tax Credit Confusion
Hi Nelsona, I’m a dual Canadian/US citizen and former resident of Canada. I’m now living in the US with my husband who is a US citizen and US resident. I’ve been straddling the border and filing as a resident of Canada for a few years (we plan to move to Canada very soon). I know, this is not recomm...