For taxation year 2007, I have to file tax returns for both U.S and Canada. I%26#039;m a Canadian but is treated as U.S resident alien for that year. I have T5 for the GIC investment income, do you know how much I can get the U.S foreign tax credit from that income?
If you have similiar experience before, please let me know. Thanks.
How to claim U.S foreign tax credit on Candian GIC investment income?
A foreign tax credit goes on line 51 of a form 1040. You might also need to fill out form 1116.
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