Any un-excluded income ( foreign earned income exclusion ) , is eligible for foreign tax credit--if that income is taxed by both the USA and the "other" country.
To take the foreign income exclusionL
- Go to Federal Taxes.
- Go to Wages and Income .
- Scroll down to Less common Income.
- Scroll down to Foreign Earned Income and Exclusion.
To take the foreign tax credit:
- Go to Federal Taxes .
- Go to Deductions and Credit.
- Scroll down to Estimates and Other Taxes Paid and click show more.
- Go to Foreign credit. Make sure to enter first the foreign Income that didn't not qualify for the exclusion.
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