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- Sat Apr 03, 2010 6:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax credit in US - Should it be dollar to dollar?
- Replies: 0
- Views: 3879
Foreign Tax credit in US - Should it be dollar to dollar?
The total of Cad bank interests on all T5 let say = Cad 5000. I figure out using Quick Tax (Canada) for filing, the tax owe is let say Cad 1000. When adding this Cad 5000 bank interest + Cad 1000 tax paid (ie: converted to USD) to Turbo Tax in 1099-INT section with foreign tax paid (Cad 1000 equival...