Federal Foreign Tax Credits - Form T2209 Lines 40500 & 43100

In Year 2023 I held some US stocks and received US$1940.00 dividends (net) and paid US$213.88 US (per T5) Withholding taxes. In my almost filled up tax return, I got $106.94 Federal Foreign Tax Credit.

Per instructions, I would obtain the $106.94 figure if I fill up Form 2209. Trying to do this and discovered that the figure of $106.94 was already filled out under Line 43100 in Form T2209 in my almost filled up return.

It seems that there circular references (Form T2209, Lines 40500 & 43100, etc.) on how to calculate/obtain the figure of $106.94, which is still a mystery on how to calculate this figure (of Federal Foreign Tax Credit) in the first place. Please help.

1545

Intuit Alumni

Apr 2, 2024 8:49:01 AM

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Federal Foreign Tax Credits - Form T2209 Lines 40500 & 43100