What's the detailed calculation used in TurboTax to derive "Foreign tax deduction under subsection 20(11)" which is listed under Other Deductions- line 23200?
012899
1 Replies
TurboTaxSusan
Moderator
Oct 28, 2024 8:15:10 AM
It's your total foreign tax paid, less 15% of the total of all your foreign income. Amounts from T3 slips are not included in the calculation.