The Trump Presidency Message Board

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Politics : The Trump Presidency

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To: i-node who wrote (117199)	4/7/2019 10:35:12 PM
From: mel221	Read Replies (1) of 359799

>> unused foreign tax credit. No, I have $900 foreign tax credit in current year (2018). I could only use $586 and have to carry the rest. I don't know all the details anymore. The tax programs figures it all out. My AGI is $63K, and there is that $24K deduction. I have a bunch of qualified Dividends and about $10K in capital gains which I think is taxed at 0%. Line 11 shows a tax owed of $586 and line 12 uses $586 of the FTC to get a line 15 value of $0. I start calculating my taxes in December and adjust my income to get the correct number... ZERO!

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