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March 9, 2020
Question

Tax Year Prior to 2020: Should I report my foreign income with or without the taxes I already paid on it in that foreign country?

  • March 9, 2020
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1 reply

March 9, 2020

Yes, you can but why would you want to do that since entering the foreign taxes paid gives you a credit against your U.S tax obligations. So, in theory you can. You will just be missing out on a legitimate tax credit.

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