I'm filing Form 1116 Foreign Tax Credit for the first time & I'm wondering if I can claim rent paid in the foreign country. The amount of my refund increases significantly, so I want to make sure I'm doing this correctly. The client sent gross income & net income. I'm guessing I enter the gross amount, but please confirm that that's correct. Please help. Thank you!
Good morning, My client has dual citizenship in US & Germany. He returned to Germany & found a job several hundred miles from his home in Germany & paid rent for 2 years. Yes, this form is new to me & the IRS instructions are a little difficult to interpret. I'm guessing he gets a credit for taxes paid to Germany, as the name of the form implies. But I thought I read that he can also claim rent. Do you have any instructions I can read to help me complete this form? I appreciate any help you can share.
@sharmoren0112 for safety and security purposes you should not leave your name on this forum and any other thing that can identify your personal data... malcontent hackers are everywhere... I think there is a way you can delete your name from that post, I think if you hit those three dots or whatever and you can get to the delete part