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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?
posted
October 26, 2024
10:31 PM
last updated
October 26, 2024
10:31 PM
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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?
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.
October 28, 2024
8:15 AM