2018 - international tax rule changes to individuals

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  • Florida_EA
    Senior Member
    • Aug 2017
    • 153

    #1

    2018 - international tax rule changes to individuals

    If an individual has foreign income in 2018 how do the new rules (worldwide versus territorial) affect the US taxation. For example, if a US person has dividend income in a foreign country in 2018 would he include the income and take a foreign tax credit just like prior law. If not how would the new tax law treat such transactions.
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    I don't think anything changed for individuals. That benefit was for corporate profits.

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