MarilynG1
Expert Alumni

Get your taxes done using TurboTax

@DTaxGuy When you enter your income amount for a Foreign Tax Credit, you are not being taxed again on the income. 

 

The income amount is needed for form 1116 to calculate your Income/Tax Ratio in determining the amount of your Foreign Tax Credit.  Choose 'general category income' and indicate that Yes, you have reported the income. 

 

You can report your Foreign Income as you suggested as a 'substitute W-2'  with Form 4852, or you can report it as 'Other Taxable Income', where you can enter a description of the income. 

 

Same outcome, tax wise, without the need for a 4852. 

 

Click this link for more info on How to Enter Other Income

 

 

 

 

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