MarilynG
Expert Alumni

Deductions & credits

As a US citizen, you are required to report your world-wide income.  However, you may be able to exclude all or part of your foreign income and therefore would not be taxed on it.

 

If you do have to report your foreign income, you will get credit for Foreign Tax Paid on that income, so that you are not double-taxed on the same income.

 

Click the link for more detailed info on Foreign Tax Credit.

 

Here's how to get individualized help from a TurboTax Live Expert.  Since you have investments, you should probably use the Live Premier product. 

 

 

 

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