IRS Instruction:
For each of the 5 tax years ending before the date of your expatriation, determine your total tax less any foreign tax credit. For 2021, use the amount shown on the 2021 Form 1040, line 24, less any amount reported on Schedule 3 (Form 1040), line 1.
Question:
The Line 24 (Total tax) on my tax return already accounted for/deducted my foreign tax credit on Line 20 & 21 referenced to Schedule 3. Can I simply use Line 24 as my tax liability amount? I am confused as to why IRS instructing to use line 24 then less any amount on Schedule 3. If so, the foreign tax credit would be deducted twice.
For each of the 5 tax years ending before the date of your expatriation, determine your total tax less any foreign tax credit. For 2021, use the amount shown on the 2021 Form 1040, line 24, less any amount reported on Schedule 3 (Form 1040), line 1.
Question:
The Line 24 (Total tax) on my tax return already accounted for/deducted my foreign tax credit on Line 20 & 21 referenced to Schedule 3. Can I simply use Line 24 as my tax liability amount? I am confused as to why IRS instructing to use line 24 then less any amount on Schedule 3. If so, the foreign tax credit would be deducted twice.
