itonewbie
Level 15
12-07-2019
07:48 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Ah, now that I re-read your question, I see that you want to forego the election for §911 but take a foreign tax credit instead. Yes, you can do that but your client would be deemed to have revoked the election. A full credit can then be claimed. This could be beneficial for high-tax jurisdictions.
How did you enter the compensation and the sourcing for F.1116? What outcome do you see now in the program?
How did you enter the compensation and the sourcing for F.1116? What outcome do you see now in the program?
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar