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Can't file form 1116, do I file a 8802/6166 instead?
Hello. I'm hoping someone could help on how I should report my foreign income that's been taxed already.
I am a green card holding Japanese that lived the US all of 2022. I co-wrote a book for a Japanese company to sell in Japan, have royalties on it, and was taxed in Japan. I thought I could claim Foreign Tax Credit through f1116, but it only lets me enter foreign dividend income. If I am understanding correctly, I'm not able to as I don't have a residence in Japan?
The publisher made an offhand comment that I should file form 8802. If I understand correctly, if I file this I would get a Form 6166, then provide that to the company in Japan so income is not taxed over there? This is something I would do outside of turbotax?
I am a green card holding Japanese that lived the US all of 2022. I co-wrote a book for a Japanese company to sell in Japan, have royalties on it, and was taxed in Japan. I thought I could claim Foreign Tax Credit through f1116, but it only lets me enter foreign dividend income. If I am understanding correctly, I'm not able to as I don't have a residence in Japan?
The publisher made an offhand comment that I should file form 8802. If I understand correctly, if I file this I would get a Form 6166, then provide that to the company in Japan so income is not taxed over there? This is something I would do outside of turbotax?
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March 3, 2023
10:34 AM