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Get your taxes done using TurboTax
From all the advice I received, it will depend on your wife's residence and tax status for last year for reporting, and the foreign taxes already paid on that amount.
I can confirm that when I reported the income in TurboTax, it lowered my return initially - but once I reported the foreign taxes paid on it and received the Foreign Tax Credit, the refund amount bounced back up. So it showed up for this tax year on our return.
March 29, 2025
7:00 AM
1,813 Views