Get your taxes done using TurboTax

Dear pk,

 

Thank you very much for your message!

 

My first question isn't actually about how to allocate the foreign income between countries, but rather about how to enter the information in TurboTax (yes, I'm using the online version).  How do I tell TurboTax that the 13 USD is foreign income, even though the foreign tax withheld on this 13 USD, as reported in the 1099-INT info that I entered, is zero?  (Whether the 10,000 USD of US-source income should be treated as re-sourced by Country 1 is a separate issue.  I could provide more details, perhaps in a DM, but it's not what I'm asking about here.)

 

As for my second question, why is the AMT even being invoked when our income is below the minimum amount that triggers the AMT?  TurboTax asks me all sorts of questions about the Simplified Limitation, Election, AMT-FTC Carryovers, etc.  But our income is below the AMT exemption threshold of 118,100 USD.  So, the way I see it, the AMT shouldn't even come up at all.

 

Thank you again!  I really appreciate your help!

 

Sincerely,

expat-allover