Thanks @DaveF1006. My question is in your previous thread you have advised to do as below
After filling the schedule C, Schedule F & FEIE is complete, you have asked to exclude the net income amount by doing this.
- Select Wages and income
- Less Common income
- Miscellaneous Income, 1099-A, 1099-C
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed. Here you will list this as Foreign Self-employment income excluded and record the net income as a negative number by placing a minus sign in front of the amount.
Do I still need to do this manual exclusion ? Or is it not required as turbo tax will handle it on its own. Looking forward to your guidance.
