Do I complete a K1 if self-employed bona fide resi...
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Do I complete a K1 if self-employed bona fide resident of Australia with all foreign earned income through my self employment?

From what I understand, Australia and USA have totalization agreement and thus because I pay tax in Australia and pay into the social taxes here, should be exempt. However, Turbo Tax is requiring that I do not enter my self employment income other than profits earned under the Foreign Earned Income Exemption section, but also stating I need to enter it as a K1?
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