Wondering how this would be reported to HMRC for credit:
Say I have a $50K Roth conversion, $10k of other income and $30k of Capital gains ( from reporting fund)
According to
http://www.moneychimp.com/features/tax_calculator.htm ,
as a single person I will owe US $5461 of Income tax + $4500 of CG tax = $9961
Do I claim foreign tax paid of the whole $9961?
Or the $4500 from CG plus $10k @ 12% (income tax rate) = $1200?
Or the $4500 from CG plus the actual difference in income tax that the $10k adds to the $50k Roth xfer = $1343
Or some other way?
