foreign income tax offset
Denis Giles
Member Posts: 5 Reckoner
Foreign income tax offset. Is there a way of capturing foreign (USA) tax withheld for the purpose of claiming a tax offset when preparing tax returns?
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Hi Denis
What I do is create a new category - Tax paid - USA Withholding.
I then record the income gross, with a separate transaction for the payment of the USA withholding tax.
That provides all the information needed when I prepare the year end accounts.
Hope that helps
David Mandel0
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