Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Oct 30, 2019 8:49:23 PM

In the Foreign tax Credits section : "Deductions from foreign real property income" Which deductions are we talking about ?

0 1 1349
1 Best answer
New Member
Oct 30, 2019 8:49:24 PM

Deductions would refer to expenses against gross income not claimed any where else on the tax return. Or if the income reported from foreign sources was already net of expenses such as reported on a slip for financial statement.

1 Replies
New Member
Oct 30, 2019 8:49:24 PM

Deductions would refer to expenses against gross income not claimed any where else on the tax return. Or if the income reported from foreign sources was already net of expenses such as reported on a slip for financial statement.