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Foreign taxes: I have income in foreign country and I also paid taxes there. Should I add this taxes as expenses or in 1116? or in both?
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Usually it is almost always more advantageous to claim a credit for your foreign taxes paid, as opposed to a deduction, because a tax credit results in a dollar-for-dollar reduction against your tax liability, as opposed to a tax deduction, which only reduces your taxable income.\
To see where to enter in TurboTax Online your foreign taxes paid, for purposes of claiming the Foreign Tax Credit on Form 1116, please see the following TurboTax FAQ, "Where do I enter the foreign tax credit (Form 1116) or deduction?":
https://ttlc.intuit.com/replies/3302405
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