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Get your taxes done using TurboTax
Yes, you can voluntarily choose to exclude your 1099-NEC income as Foreign income and choose take a foreign tax credit from the Foreign Employer. Make sure you qualify to exclude your income in accordance with IRS regulations. To claim, you must be:
- A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,
- A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or
- A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.
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March 9, 2021
12:14 PM