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
New Member
posted Apr 27, 2023 10:35:21 PM

TurboTax is suggesting an amount for Foreign tax deduction under 20(12). Has the software calculated the optimal allocation to minimize overall tax in this 20(12) amount?

0 1 1585
1 Replies
Level 3
May 1, 2023 1:07:08 PM

Hello, we appreciate your question. What platform are your filing with? Just a key reminder, this election is not mandatory. If eligible, individuals may make a partial claim or opt not to make a claim with respect to subsection 20(12).