For 2020 , I hired a EA (enrolled agent) tax preparer and she filed it as other income and added a statement saying 1. Foreign capital gains - $5000 and 2. Foreign interest income - $5000($ amount is just an example)
Than she efiled - I forgot the software she used - and IRS accepted and there is no notice until now. Its been over a year no notice from IRS.
She also 1116- foreign tax credit form - but since there was no tax payable(her total income was less than std deduction) - no use of that credit which was about $800
I thought I should do the same this year - declare as other income and give little explanation like she did - but you are saying that is not correct.
By the way tax payer (my relative) is not residing in USA since May 2020 and she is senior citizen. She has no income from USA at all ...not a $ worth of income from US sources.
Should we file 1040-SR (senior)? also I have turbotax premier CD software
