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Get your taxes done using TurboTax
Enter the various incomes in this manner:
- Stock capital gains - enter the sale of stocks in the investment section, just as you would.
- Salary - it depends.
- It can be entered for the foreign earned income exclusion (FEIE).
- You may do better to report the income (as other income) and claim the foreign tax credit (FTC) against the income.
- When you claim FEIE, you lose some credits. You may want to try the income both ways to see which works out best for you.
- Child care - subsidy? It does go under other income but my concern is taxability. It may not be taxable depending on the tax treaty. See Tax Treaty Tables to determine if it is taxable income.
- Foreign taxes paid go on the Form 1116 Foreign Tax Credit.
- Bank interest can be added all together and entered as one 1099-INT. Title it something obvious - foreign bank interest
Fbar and FATCA probably need to be filed as well. Here is a comparison of the FATCA (Form 8938) and FBAR requirements.
Caution: Be sure all numbers are reported in USD. See Yearly Average Currency Exchange Rates - IRS
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2 weeks ago