A senior citizen-single-retired - is living overseas since more than 2 years....she made some income from stock market (capital gains) and some interest income that too overseas accounts.
She did not make any income in the USA last year accept those stimulus checks.
She is preparing to file tax return in India and she has to pay some taxes (not sure how much as of yet) India & USA has tax treaty.
I have following questions.
1. Which form she needs to file in USA ? is it 1040 I guess so but what about foreign income?
2. She has two options 1. Foreign earned income exclusion 2. Foreign tax credit. -which one she should prefer ?
3. Which Turbotax product is best fit for this type of tax situation?
4. She has paid $200 when she filed form 4868 - automatic extension of time to file
