KarenJ2
Expert Alumni

Deductions & credits

We accept credit, debit, and pre-paid cards with a Visa, MasterCard, American Express, or Discover logo. Like many other U.S. online merchants, we can only process cards with a U.S. billing address. 

 

If you do not have a US billing address, perhaps you have a friend or relative in the US that could assist you.

 

You can take either the foreign earned income exclusion or the foreign tax credit, or both if your income is higher than the exclusion.

 

To report foreign self-employment income in TurboTax:

 

  1. Start by filling out a full schedule C the same as you would as if you were working in the US.  List all your income, all your expenses, and calculate your net profit.  
  2. If you are going to use the foreign earned income exclusion, enter your foreign source net profit as foreign earned income, it would be eligible for the foreign earned income exclusion.

Please remember that unless you work in a country with a totalization agreement and pay social security in that country and have a certificate of coverage, you will owe self-employment taxes. on your income.  The exclusion is only for income tax.

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