Hi,
So, foreign self-employment can also qualify under the FEIE? What if someone does both a main job and a side (self-employed) job? Can they collectively put all of it under the FEIE? It usually only asks for one job and the address on the TurboTax thing for the FEIE.
I read this FEIE vs. Foreign Tax Credit: Which One to Choose? (1040abroad.com)
and it says that I'd still have to pay self-employment taxes (so FICA/SECA) but yes, I read somewhere that the ROK has the totalization agreement w/ the US. But if I file Schedule C, isn't TurboTax (and the IRS) going to charge me FICA/SECA (so over 15% of my income even though it is foreign and should be covered under the FEIE)? How do I "prove" to TurboTax or whatever that the agreement is there and thus have it lower the FICA/SECA/etc. liability back down to 0 as I'm already paying the equivalent of all of those taxes/pension/etc here in Korea? (I'm staying in Korea and will not have access to US social security or any of that... paying into the Korean National Pension Service instead).
I don't know how to do this in TurboTax or what version it requires. It really should all be one free version like every other country but oh well, I use the Deluxe version (even though I have a 0 tax balance for previous years in Korea). I just want to know this because I might want to do private tutoring or self-employed stuff if I can.
