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Get your taxes done using TurboTax
All foreign income received from all foreign sources is reported under the Personal Income tab in the Foreign Income & Exclusion section.
All foreign taxes *ACTUALLY PAID* are reported under the Deductions & Credits tab in the Estimates & Other Taxes Paid section. There's a sub-section in there for foreign taxes. The tax rate DOES NOT MATTER. You report the foreign taxes ACTUALLY PAID in the tax year. That's it.
Then your tax liability to the IRS will be reduced accordingly. It will NOT be reduced dollar for dollar in most cases.
‎August 18, 2018
8:02 AM