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April 28, 2023
Question

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?

  • April 28, 2023
  • 1 reply
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    1 reply

    May 1, 2023

    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).