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?
01894
1 Best answer
TurboTaxClint
New Member
Oct 29, 2019 7:32:21 PM
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.
1 Replies
TurboTaxClint
New Member
Oct 29, 2019 7:32:21 PM
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.