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Get your taxes done using TurboTax
Thank you so much for the detailed explanation, this is very helpful!
May I ask a couple more questions:
1) My income stated on 1042-S is income I made while I lived in a foreign country (remote work for a client in the US) - should this be entered in the self-employment work or included in "Other Gross Income" when entering the information for the foreign tax deduction? Or do I need to include it in both?
2) for income / expenses in foreign currency (in my case Japanese yen for work I did for local clients in Japan, and expenses paid in Japan ie my phone bills, internet bills, etc) how should I be converting this into dollar - is there a specific rate I would need to use by the day, etc?
Thank you!
March 25, 2024
10:54 PM