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| Yes, that's right. There two forms that we used in addition to the 1040 and schedule a and so on. One is the 2555 and the other is the 11something....we had to have them both. Since you reduce your income, you can only get a credit for taxes that you've paid on the remaining income.
The thing that threw me off at first was that if you itemize deductions, you end up counting some of the same ones in both ch and us. A lot of my deductions, school for example, are only valid in the US, but some stuff was valid both places.
I would download a copy of taxact. It was really helpful with all of this stuff. | |
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Im not taking any extra deductions, only the foreign tax and housing deduction. Not the credit. So no other forms needed i think
So only used the 1040 and trhe 2555