lived in foreign country starting at in October 2018 and moved back in December 2019. How do I amend my 2018 return to reflect that I was out of the US long enough to pay taxes on money made while I was overseas?
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Did you file with TurboTax last year?
If you filed with TurboTax, to amend, click here: Amend 2018 taxes
If you did not file with TurboTax, and want to amend with TurboTax, here are the steps:
Here are more details about the foreign earned income exclusion:
If you are a US citizen or resident and work physically overseas between October 2018 and December 2019, you may qualify for a foreign income exclusion or foreign income tax credit on your 2018 taxes. Since you were present overseas for only three months ( October-December 2018), the exclusion should be pro-rated on your Form 2555 Foreign Earned Income Exclusion. For more information, click here: see Foreign income and exclusion and Extension.
To enter foreign income in the program, here are the steps:
If you have paid taxes to both the foreign and US tax authorities, to avoid double taxation, IRS allows you to claim a foreign tax credit on your US tax return. To claim this foreign tax credit, you would need to file a Form 1116 Foreign Tax Credit.
To enter this information in the TurboTax program, here are the steps:
Did you file with TurboTax last year?
If you filed with TurboTax, to amend, click here: Amend 2018 taxes
If you did not file with TurboTax, and want to amend with TurboTax, here are the steps:
Here are more details about the foreign earned income exclusion:
If you are a US citizen or resident and work physically overseas between October 2018 and December 2019, you may qualify for a foreign income exclusion or foreign income tax credit on your 2018 taxes. Since you were present overseas for only three months ( October-December 2018), the exclusion should be pro-rated on your Form 2555 Foreign Earned Income Exclusion. For more information, click here: see Foreign income and exclusion and Extension.
To enter foreign income in the program, here are the steps:
If you have paid taxes to both the foreign and US tax authorities, to avoid double taxation, IRS allows you to claim a foreign tax credit on your US tax return. To claim this foreign tax credit, you would need to file a Form 1116 Foreign Tax Credit.
To enter this information in the TurboTax program, here are the steps:
Thanks for the response. A small problem, on my W-2, some of the money was made in the US before I moved overseas. I didn't see a way to indicate how to differentiate the amounts.
Wait, I see, it's now asking me to exclude income on that W-2 made in the US. Thanks again for your help!
Awesome! You are very welcome!
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