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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (9820)	9/28/2005 12:49:00 PM
From: CWN600	Respond to of 11633

The 15% Canadian withholding tax is clearly allowable as a credit against US taxes. Only up to $300/$600 (single filer/joint filers). Beyond that, it is not clear at all-- in fact it's exactly as LTBH says. There is no great mystery about Form 1116, and in fact TurboTax includes it and will figure your tax credits Of course there's no mystery to it when you let the computer do it for you! Tommaso, do your next 1116 by hand and then explain to us the non-mystery of why you don't get a full dollar for dollar credit!