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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (42328)4/20/2011 4:19:08 PM
From: Paul Senior  Read Replies (1) of 78507
 
ot: re.: foreign tax credit: my situation is that I'm one with several thousands of dollars in foreign taxes, and I file Form 1116. For tax year 2009, my accountant's computer statement showed that I will have a foreign tax credit carryover. (I've not filed for tax year 2010 --first time ever late -- so I don't know yet how or if that carryover will affect my 2010 taxes. (Also, I don't know how the foreign tax credit or carryover is or is not used in calculating my state income taxes.)
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