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1. May I deduct 2014 US tax from 2014 Canadian tax? 2. I have a unused foreign tax credit of $322 from 2103, Why does not TurboTax deduct it from my 2014 tax?
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October 29, 2019
7:32 PM
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Investors and rental owners
You can enter in your world income and tax deducted, and the software will calculate any tax implications accordingly. However, a foreign tax credit from your US tax return will not reduce your tax payable in the Canadian tax return.
October 29, 2019
7:32 PM