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You use the "net income" on Schedule C included in your overall Gross Income for the 1116.
It's the net income on your Schedule C that enters into your Gross Income.
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Thanks very much,
Not at all.
Those of us that have dividends from foreign securities subject to US Income Tax, eligible for the Foreign Tax Credit because of dividend income tax withholding by the foreign company, have substantially all of our income from US sources.
In the case of a Schedule C, if that income was subject to foreign income tax withholding, or foreign income tax, then that portion of your Schedule C income would also be eligible for the foreign tax credit.