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Deductions & credits
It seems you understand how to work around TT quirks. Here's my issue. I'm trying to do FTC on my Foreign Income Earned abroad. It's just straight wages I'm talking about. This is the first year I past the FEIE threshold amount. I wish to take both the FEIE and the FTC so I don't want to revoke FEIE for future use as it is unlikely that I will pass the threshold significantly again. In any case, the employer is foreign so he doesn't issue a 1099 but for TT purpose to get the calculation done correctly, should I claim the FEIE for the max amount and put in the 1099 Misc the balance of the amount I earned in order for TT to recognize the FTC. Please let me know what you think and anything else I need to consider to get this done.
‎April 15, 2020
12:38 PM