r2i forum

Dear All -

I file my US taxes jointly with my wife. This year (2017 US taxes) we are planning to avail foreign tax credit. Foreign earned income exclusion was relatively easy, but FTC is turning out to be quite tricky. So I am looking for the following advice on foreign tax credit :

If I use Cash basis for FTC, do I report the TDS that we have paid in 2017? I am assuming we will have to cover 4Q of FY 16-17 and 1-3Q of FY 17-18 from the Indian financial year perspective.

How do I account for any refund that I may be getting back? Do I need to file an amended return next year?

We have a rental property and interest received, where the taxes will only be paid on July 31, 2018. So I can?t use Cash basis for the same. I read that you can't combine Cash and accrual basis - you have to follow one method or the other. If that's true, do I not report any taxes on the passive income for now, pay the US taxes and do an amended US tax return next year once I have paid the taxes?

Really appreciate any help or guidance that the tax gurus here can provide.