In the Foreign tax Credits section : "Deductions from foreign real property income" Which deductions are we talking about ?
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1 Best answer
TurboTax-Terry
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.
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TurboTax-Terry
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.